Manufacturing activity in India recovered swiftly in November as input cost inflation slipped to a 40-month low. The S&P Global India Manufacturing PMI rose to 56 from 55.5, indicating a stronger improvement in operating conditions. The manufacturing sector rebounded strongly from the impact of the Covid-19 pandemic, with GDP data showing a nine-quarter high of 13.9% in Q2. Price pressures eased, with inflation at a 40-month low. New export orders continued to rise, although at a slower rate.