New Delhi, April 2 -- India's manufacturing sector witnessed a moderation in growth in March, as rising cost pressures, weak demand conditions, and global uncertainties weighed on output and new orders, according to the latest HSBC India Manufacturing PMI (purchasing managers' index) data.
The conflct in West Asia involving Iran, Israel and the US seems to have started taking toll on the economy.
The seasonally adjusted PMI fell to 53.9 in March from 56.9 in February, marking the slowest expansion in nearly four years and slipping below the long-term average of 54.2.
Cost Pressures Surge to Multi-Year High
The survey compiled by S&P Global said that input cost inflation rose sharply in March, reaching its highest level since Aug...