India's Manufacturing Sector Growth Drops To 5-yr Low With PMI At 52.8

Commenting on the survey, Pranjul Bhandari, chief India economist at HSBC said that India's final manufacturing PMI slipped to 52.8 in August, extending its decline for a third consecutive month. “The output index fell to its lowest level since August 2021, signalling that production is still expanding but at a markedly slower pace,” Bhandari said