*Manufacturing Sector Rebounds Strongly in January* India's manufacturing sector showed strong signs of recovery in January after dropping to a 12-month low in December. The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to a six-month high of 57.7, up from 56.4 in the previous month. This growth was supported by improved consumption trends, with GST collections reaching a nine-month high of ₹1.92 lakh crore, marking the first double-digit growth in six months. Additionally, the Budget for FY 2025-26, presented on February 1, focused on boosting growth through the rationalisation of income-tax rates. With these developments, the economy is expected to grow faster this quarter after a sluggish first half, where growth slowed to 6 percent compared to 8.2 percent in FY24.