New business at manufacturers and service providers grew at a softer pace, pulling down growth at the composite level. | Business News

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…

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.