India's factory growth hits a five-year low in August, driven by weak demand and rising job losses, PMI reports.

India's factory growth hits a five-year low in August, driven by weak demand and rising job losses, PMI reports.

India’s manufacturing PMI fell to 52.8 in August, a five-year low, as output and new orders growth weakened and employment contracted mildly.

August PMI falls to 45.8 as business activity and sales orders weaken.

Indian manufacturing faced its lowest growth rate in five years during August, characterized by a slowdown in output and new orders amid diminished demand. This period also marked…