India's Manufacturing PMI Rises to Four-Month High in February Amid Slower Export Growth

India's manufacturing sector expanded at its fastest pace in four months in February, with the HSBC India Manufacturing PMI rising to 56.9 from 55.4 in January, driven primarily by strong domestic demand and increased new orders. Production and employment also grew, supported by efficiency gains and technology investments. However, export growth slowed to its weakest rate in 17 months amid ongoing global tariff uncertainties. The overall data suggest the Indian economy is expected to remain resilient in the current quarter, with full-year growth projected around 7.6%.