https://www.taxtmi.com/news?id=69634 The HSBC India Manufacturing PMI rose to 55.4 in January, signalling expansion driven by faster new order growth that supported higher output and slight employment increases. Domestic demand led sales while export growth remained weaker. Input costs rose moderately, but output price inflation eased to a 22 month low as firms cited efficiency gains and competitive pressures. Despite these operating improvements, business confidence dropped to a three and a half year low, with only 15% forecasting output growth for the year. The PMI is compiled by S&P Global from about 400 manufacturers. en-us Mon, 02 Feb 2026 11:31:04 +0530 Mon, 02 Feb 2026 11:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69634 The HSBC India Manufacturing PMI rose to 55.4 in January, signalling expansion driven by faster new order growth that supported higher output and slight employment increases. Domestic demand led sales while export growth remained weaker. Input costs rose moderately, but output price inflation eased to a 22 month low as firms cited efficiency gains and competitive pressures. Despite these operating improvements, business confidence dropped to a three and a half year low, with only 15% forecasting output growth for the year. The PMI is compiled by S&P Global from about 400 manufacturers. News - Mon, 02 Feb 2026 11:31:04 +0530 https://www.taxtmi.com/news?id=69634