India’s private sector growth hits 3-year low as Middle East war saps demand
#India #private sector #economic growth #Middle East war #demand #manufacturing #services #business activity
📌 Key Takeaways
- India's private sector growth slowed to its lowest in three years in April 2024.
- The decline is attributed to reduced demand linked to the Middle East conflict.
- Business activity and new orders weakened across manufacturing and services.
- The war's impact on global trade and confidence contributed to the downturn.
🏷️ Themes
Economic Slowdown, Geopolitical Impact
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