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        Case ID :
        GST

        Manufacturing activity strengthens in Oct on rise in new orders amid GST reform, healthy demand: PMI

        November 3, 2025

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        Manufacturing activity strengthened as GST reform spurred higher domestic orders, output expansion and sustained employment gains. GST reform supported a pronounced strengthening in manufacturing activity in October by stimulating domestic new orders, prompting firms to expand output, increase purchases of raw materials and rebuild inventories. Input-price pressures moderated modestly though costs remained elevated and some firms passed higher expenses to selling prices. Job creation persisted and near-term sentiment was positive due to capacity expansion and expectations of approved contracts, while export growth remained softer than domestic demand.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Manufacturing activity strengthened as GST reform spurred higher domestic orders, output expansion and sustained employment gains.</h1> GST reform supported a pronounced strengthening in manufacturing activity in October by stimulating domestic new orders, prompting firms to expand output, increase purchases of raw materials and rebuild inventories. Input-price pressures moderated modestly though costs remained elevated and some firms passed higher expenses to selling prices. Job creation persisted and near-term sentiment was positive due to capacity expansion and expectations of approved contracts, while export growth remained softer than domestic demand.

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