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India’s manufacturing growth hits 16-month high: PMI for July jumps to 59.1; sales, output surge despite confidence level dip
India's manufacturing sector surged to a 16-month high in July, reaching 59.1, fueled by robust order growth and output. Sales growth hit a near five-year peak, while production soared to a 15-month high. Despite this, business confidence dipped to a three-year low due to concerns about competition and inflation, with input and output prices remaining elevated.
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