India's factory growth stays sluggish in April amid war-led soaring costs, PMI shows

India’s manufacturing sector saw a small increase in April, yet activity stayed near a four-year low. Weak domestic demand and rising costs, influenced by the Middle East war, impacted growth. Production and new orders saw their second-slowest rise since mid-2022. However, export orders expanded robustly, and companies hired more workers.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *