 "Indian Manufacturing Slumps: PMI Falls to Three-Month Low Amidst Competition")
Indian Manufacturing Slumps: PMI Falls to Three-Month Low Amidst Competition
In August 2024, India’s manufacturing growth slowed to a three-month low, with the Purchasing Managers Index (PMI) dropping to 57.5 from 58.1 in July. Despite the decline, any PMI figure above 50 indicates expansion. The slowdown was attributed to softer growth in new orders and output, partly due to intense competition. However, input cost inflation ...
