“Manufacturers in India continued to benefit from demand resilience, with a sustained rise in new orders underpinning a further expansion in output during July. Growth cooled again across some metrics, however, such as total sales, input purchasing and employment,” the report stated. However, despite softer domestic demand, export orders gathered momentum during the month, with firms reporting stronger sales to countries including Canada, Egypt, Indonesia, Kenya, Nepal, South Africa, Thailand and the UAE. Output also continued to rise, although the pace of expansion remained among the weakest since mid-2022.
