India’s Manufacturing Growth Slows for 2nd Straight Month: PMI Data Shows

India’s Manufacturing Growth Slows for 2nd Straight Month: PMI Data Shows

India’s manufacturing sector is facing a slowdown for the second month in a row, as per the data released by a private survey. The easing demand and a significant increase in the cost of raw materials have had an adverse impact on business confidence. This dip in growth is a cause for concern as it indicates a potential weakening of the overall economy. The survey highlights the need for measures to stimulate demand and alleviate the burden of rising raw material costs. Policymakers and industry stakeholders must work together to address the challenges and create an environment conducive to sustainable manufacturing growth.

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TIS Staff

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