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India's Factory Growth Hits Four-Month High
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India's manufacturing industry experiences a four-month high in factory growth in January, driven by robust demand and a positive outlook for the year ahead. The HSBC final India Manufacturing Purchasing Managers' Index rose to 56.5, indicating strong demand and a positive year-ahead outlook. The new orders sub-index reached its highest in September, supported by domestic and international demand. Despite input cost inflation, the rate of increase was marginal.
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How might the significant increase in factory growth in India impact global trade?
What are the potential implications of India's inflation remaining near the Reserve Bank of India's target range?
What measures can India take to sustain this growth and address input cost inflation?
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