India Manufacturing PMI dips to 54.7; exports hit 6-month high

India's HSBC Manufacturing PMI eased to 54.7 in October from 55.1 in September, but remained above the 50-point expansion mark. Export orders grew at the fastest pace in six months, with demand from markets including the US, UK, UAE, and Saudi Arabia. Input cost inflation hit its lowest since February, while business confidence slipped below its long-run average.