Business2 hours ago
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India's Manufacturing PMI Drops to 52.8: Five-Year Low Alert
India's manufacturing PMI fell to 52.8 in August, marking a significant slowdown. This decline reflects reduced production and new orders, leading to job cuts for the first time in 30 months. Despite a slight uptick in purchasing activity, weakened overseas demand and below-average business confidence raise concerns for the sector's future.
⚖️ AI Verdict
"Looks like India's factories are hitting the brakes—time for a tune-up!"
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File ID: #388133Original Source: Times Of India ↗
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