India factory growth softened in November on high inflationary pressures, PMI shows

India's factory growth slowed in November but remained strong. Despite higher price pressures, optimism improved significantly. Demand eased slightly. The HSBC India manufacturing PMI for November was 56.5, down from 57.5 in October. International demand for Indian-made goods grew at the fastest pace since July. Inflationary pressures rose, pushing prices higher.