India Manufacturing PMI Drops to 53.9, Input Costs at 43-Month High

India's manufacturing PMI fell to 53.9 in March, the lowest since June 2022, as growth in new orders and output slowed.
Input cost inflation hit a 43-month high, but firms absorbed most of the rise, leading to a two-year low in output price inflation.
Export orders grew at the fastest pace since September 2024, but overall demand and production growth were the softest since mid-2022.