India's manufacturing sector growth slips to 56.5 in November
The Statesman|December 03, 2024
Growth in India's manufacturing sector slipped to 56.5 in November, stymied by fierce competition and price pressures.
STATESMAN NEWS SERVICE
India's manufacturing sector growth slips to 56.5 in November

Compiled by S&P Global, the HSBC final India manufacturing Purchasing Managers' Index's (PMI) fall in November was a joint 11-month low from 57.5 in October. Earlier, in January, the figure had stood at 56.5.

"Goods producers experienced a weaker, albeit still robust, upturn in new business intakes during November. The rate of expansion was the second-weakest in 11 months, ahead of that registered in September," the survey said.

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