India's manufacturing PMI hits a 14-month high of 58.4 in June, driven by output, new orders, and employment growth.

• Strong output and new orders boost, employment sees record upturn; external orders surge at fastest pace in 20+ years.
• Input buying expands most in 14 months; cost inflation eases, but producer prices rise due to higher freight and labor costs.
• Export orders gain momentum; finished goods inventories dip as demand outpaces supply; sector outlook remains positive.