India's Manufacturing Growth Slows Amid Rising Cost Pressures and Middle East Conflict
India's manufacturing sector experienced a slowdown in March, with the Purchasing Managers’ Index (PMI) falling to 53.9 from 56.9 in February. The report attributes this decline to rising costs, competitive pressures, and geopolitical tensions, particularly the ongoing conflict in the Middle East. Despite positive demand, operating conditions have become challenging, with input prices rising at their fastest rate in over three-and-a-half years.