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Story summary
- In March 2026, India's Composite PMI fell to 56.5 from 58.9, the weakest growth since October 2022.
- The slowdown reflects rising costs and weaker domestic demand amid the ongoing Middle East conflict.
- Manufacturing activity dropped to a nearly 4.5-year low due to gas shortages linked to the war.
- Export orders rose to a record, while new domestic orders grew at their slowest in over three years.
