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India's factory activity growth hits three-month low of 57.5, PMI shows

By Economic Times - 2 months ago
In August, India's manufacturing growth slowed to a three-month low due to a significant softening in demand. The HSBC India Manufacturing PMI dropped to 57.5 from July's 58.1. Although demand remained strong, international demand saw its weakest growth since January. Inflation concerns and competition affected business optimism.

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