Thursday, August 20
India's manufacturing sector expansion slowed to its weakest pace in two years in December as demand softened and firms curbed production, according to a business survey that also showed hiring had slowed to a near standstill.The cooling in factory activity adds to signs the world's fastest-growing major economy is entering a slower phase after posting growth of more than 8% in the July-September quarter.The HSBC India Manufacturing Purchasing Managers' Index (PMI) compiled by S&P Global fell to 55.0 in December from 56.6 in November, lower than a preliminary estimate of 55.7. That marks the lowest reading since December 2023.<iframe src="https://economictimes.indiatimes.com/dynamicchart?tab=MANPMI&year=1" width="100%" height="520" frameborder="0" scrolling
