India's factories ended 2022 on a strong note

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India's manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business survey showed on Monday.

, compiled by S&P Global, rose to 57.8 in December from November's 55.7, better than a Reuters poll median forecast for 54.3.

"Following a promising start to 2022, the Indian manufacturing industry maintained a strong performance as time progressed, wrapping the year with the best expansion in production seen since November 2021," noted Pollyanna De Lima, economics associate director at S&P Global Market. Rising domestic demand, however, did little to improve conditions in the labour market as the rate of job creation eased to a three-month low.

 

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Not what a friend of mine said who has a company listed on the stock exchange. Prices of raw materials are at sky high prices and demand isn't what it was a year ago

India picking up the slack from China.

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