Inflationary instability due to rising food and fuel prices is a concern, though.
Indian manufacturers increased production in September as they prepared for improved demand and stock replenishment
According to the monthly PMI survey, due to gradual demand rise and strong inflows of new work, the sector has witnessed a fast-paced growth.
In August, the seasonally adjusted IHS Markit India Manufacturing PMI stood at 52.3, down from 55.3 in July.
The IHS Markit data contrasted with indicators like export performance, GST collection and E-way bills in FY22
The Purchasing Managers’ Index (PMI) by IHS Markit India Manufacturing has witnessed a rise from 48.1 in June to 55.3 in July.
The finance ministry report has estimated that nearly 113 crore doses would be needed by September end