India's factory growth hits six-month low in March on weak demand:PMI data

Growth in India's manufacturing industry slowed to a six-month low in March as orders and output expanded at a weaker rate, but overall factory activity ran at a solid pace in the first quarter, a private survey showed on Tuesday.The Nikkei Manufacturing Purchasing Managers' Index, compiled by HIS Markit, fell to a six-month low of 52.6 in March from February's 54.3, below a Reuters poll forecast of 53.9 but above the 50-mark separating growth from contraction for the 20th straight month.Underscoring that long stretch of growth in the sector, factory activity in the ...

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