India’s Manufacturing Sector Activity Falls to 2-Year Low in December on Softer Rise in New Orders: PMI
India’s manufacturing sector witnessed a slowdown in December, with activity falling to its lowest level in two years, according to the latest Purchasing Managers’ Index (PMI) data. The decline was primarily attributed to a softer rise in new orders, signaling challenges for the sector amid global uncertainties and domestic demand pressures. Background of the PMI…