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Factory activity maintains solid growth in July, PMI shows

By Economic Times - 3 months ago
India's manufacturing sector experienced strong growth in July, driven by solid demand, despite high cost pressures. The Manufacturing PMI stood at 58.1, slightly lower than June's 58.3. Both new orders and output showed healthy growth, and exports increased at the second-fastest pace in 13 years. Rising costs may signal further inflationary pressures.

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