Economy
India's Manufacturing PMI Hits Five-Year Low in August
Moneycontrol1h
THE BRIEF
1
India's manufacturing Purchasing Managers' Index (PMI) dropped to 52.8 in August 2026, marking the lowest level of factory growth recorded in five years.
2
Despite strong GST collections and UPI transaction volumes, the manufacturing sector faced a decline in new orders and a subsequent reduction in job creation.
3
Economists attribute the slowdown to weakening domestic demand and global supply chain volatility, prompting calls for targeted fiscal interventions to boost industrial output.