India's manufacturing activity grew at its weakest pace in over a year last month due to cooling demand, but employment generation rose at a healthy pace and inflation eased, a private survey showed on Monday.

India’s manufacturing growth fell in February after rising to a six-month high in January, as sales and output growth rates retreated to a 14-month low, a private survey released on Monday said. The HSBC India Manufacturing Purchasing Managers Index (PMI),

India's manufacturing activity declined to 56.3 in February, slipping from the 57.7 registered a month earlier in January. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) showed that the sector slowed down to its weakest since December 2023 in the month,