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Iran war dampens India private sector growth, services pick up, PMI shows
India's private sector growth slowed in May. Manufacturing faced a slowdown, impacting new orders and production. Services saw a marginal increase in activity. International demand weakened due to global conflicts. Input costs rose, but firms absorbed some of these costs. Job creation was stronger in services. Business optimism declined, indicating challenges ahead.
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economictimes.indiatimes.com
Iran war dampens India private sector growth, services pick up, PMI shows
India's private sector growth slowed in May. Manufacturing faced a slowdown, impacting new orders and production. Services saw a marginal increase in activity. International…
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newsbytesapp.com
India's private sector growth slows in May
India's private sector activity eased to 58.1 in May, driven by a slowdown in manufacturing as geopolitical tensions and trade disruptions impacted business sentiment and demand.
