Festive cheer and GST cuts power India’s manufacturing surge in October - The New Indian Express

MUMBAI: The manufacturing sector continues to strengthen, driven primarily by festive demand, which received a boost from lower prices for a host of goods following the GST rate cuts in the previous month. This led to a faster increase in new orders, boosting output growth and purchasing levels in October, according to a private survey. The headline HSBC Purchasing Managers’ Index (PMI), compiled…