India Loses Top Manufacturing Spot as PMI Drops to Nine‑Month Low

India’s manufacturing sector cooled sharply in November as the HSBC India Manufacturing PMI slipped to 56.6 from 59.2 — its weakest in nine months — causing India to relinquish its spot as the world’s fastest‑growing major manufacturing economy. Declines in new orders, export demand and business confidence underscored the slowdown.