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India's manufacturing growth slowest in 3 months due to intense heat wave in May

India's manufacturing growth slowest in 3 months due to intense heat wave in May

Jun 03, 2024, at 10:47 pm

New Delhi: India's manufacturing sector experienced a slowdown in May, reaching a three-month low, due to an intense heatwave that disrupted production volumes, resulting in a more moderate increase in new orders and output. Despite this, the sector continued to operate in expansionary territory during May, according to a survey.