Monday’s data blitz: GST inflows, manufacturing PMI, and auto sales point to strong domestic demand

India's manufacturing sector growth hits 3-month high in May as domestic market fuels activity: PMI

India's HSBC Manufacturing PMI rose to 55.0 in May (3-month high), driven by accelerating new orders, output, and domestic demand, despite Middle East-related cost pressures on energy, fuel, and transportation. Margin compression is emerging as input cost inflation outpaces output price growth, a signal for procurement and supply chain teams reassessing sourcing strategies amid ongoing geopolitical volatility.