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News 2026-10-01 12:23 UTC

Manufacturing PMI's dead cat bounce

New Delhi, Oct. 1 -- Business momentum in India's manufacturing sector has taken a U-turn. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose to a seven-month high of 55.1 in September after hitting a five-year low of 52.8 in August. Faster increases in new orders and…