Private sector growth slips to 3-month low in June as demand, confidence cool, PMI shows

India's June private sector growth slips to three-month low as demand, confidence cool, PMI shows

India's private sector PMI fell to 57.4 in June (3-month low); manufacturing 54.5, services 57.3 (17-month low). Slipping confidence and marginal hiring signal tighter IT budgets among Indian enterprises, reducing cloud and digital infrastructure demand.