India's Factory Growth Hits Four-Month High

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.