India Private Sector Growth Dips in PMI Amid Mideast Conflict

In recent data, the Purchasing Managers' Index (PMI) for India's private sector showed a decline due to the ongoing conflict in the Mideast. Despite challenges, the service sector displayed resilience with growth reflecting a 0.9% increase, helping offset some negative impacts. The manufacturing side, however, exhibited slower expansion compared to previous months. Understanding these shifts is crucial as they could influence market sentiment regarding India's economic stability and growth outlook.