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India’s Manufacturing PMI Slips to Two-Year Low on Weaker Orders
India’s manufacturing PMI fell to a two-year low in December 2025, reflecting softer demand, output contraction, and easing employment trends.
India’s manufacturing Purchasing Managers’ Index (PMI) slid to its lowest level in two years in December 2025, signalling softer activity across new orders, output, and employment metrics. The contraction reflects easing demand pressures amid muted domestic and external demand conditions. Businesses reported slower production and hiring as cost pressures persisted, leading to cautious sentiment among factory firms.