India factory growth softened in November on high inflationary pressures, PMI shows
India’s factory growth slows in November while maintaining strong momentum, amid eased demand due to rising price pressures. PMI falls to 56.5 from 57.5 in October, still above the 50-mark. International demand rises, boosting business outlook, while there’s a rise in Inflationary pressures, impacting input and output prices.
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