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India Loses Top Manufacturing Spot as PMI Drops to Nine‑Month Low
November PMI falls to 56.
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.