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Business
India Sees 4-Month High in Business Growth in October
✍️ The Economic Times
🗓 23 Oct 2026, 11:49 AM
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India's business growth reached a four-month high in October, according to the latest Purchasing Managers' Index (PMI) report. However, hiring activity remained stagnant during the month.
The latest PMI report indicates a positive trend in India's economic recovery. The index rose to 58.4 in October, marking the highest level since June. This surge in growth suggests increased demand and improved business confidence. The report also highlighted a slowdown in hiring activity, with the employment sub-index remaining unchanged at 49.6. This suggests that businesses are cautious about expanding their workforce despite the positive growth outlook.