India's September economic growth rises
The Indian economy experienced strong growth in September, recording its highest level in three months. The Composite Purchasing Managers' Index (PMI) rose to 56.5 points, surpassing analysts' expectations, with strong performance in the manufacturing and services sectors. Despite the improvement, export growth slowed and weak employment in the services sector limited the strength of the recovery. Inflation rates also declined at the cost level, while future confidence indicated an optimistic outlook for business prospects.
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