India Private Sector Growth Slows to 3-Year Low in March
India's composite PMI fell to 56.5 in March as regional conflict weakened domestic demand. International orders reached a record high despite rising costs.
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The private sector in India expanded at its slowest rate in over three years this March, as geopolitical tensions involving the United States, Israel, and Iran weighed heavily on domestic demand. The latest data indicates a loss of momentum for the economy as the fiscal year concludes, highlighting the vulnerabilities posed by the ongoing conflict in the Middle East.
