India's mfg sector activity growth falls to 5-yr low in July amid challenging market condition: PMI

New Delhi | India's manufacturing sector activity growth fell to a five-year low in July, due to slower rise in new business orders amid increasingly challenging market conditions, a monthly survey said on Monday.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index, fell from 54.2 in June to 53.5 in July -- the lowest since August 2021 and below the long-run series average of 54.2.