Key Points
At the same time, the output rose at the slowest pace in 14 months...
Indias manufacturing growth hit an 18-month low in December, ending 2023 on a shaky note due to a slowdown in new orders and output, according to a business survey...
"India's manufacturing sector continued to expand in December, although at a softer pace, following an uptick in the previous month," said Pranjul Bhandari, chief India economist at HSBC..
It may be noted that demand softened slightly last month and the new orders sub-index fell to 57.3 since June 2022..
But the pace of output inflation surpassed that of input prices for the fourth consecutive month, suggesting that factories were passing on additional costs to consumers...
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