India's Economic Activity Stays Subdued as Manufacturing Weakens
India's economic growth remained weak in August, with a notable decline in manufacturing activity that was only partially offset by modest expansion in the services sector, according to HSBC's preliminary survey. The mixed signals suggest the Indian economy is experiencing a slowdown despite some resilience in service industries.
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India’s Economic Activity Stays Subdued as Manufacturing Weakens
India's economic growth remained weak in August, with a notable decline in manufacturing activity that was only partially offset by modest expansion in the services sector, according to HSBC's preliminary survey. The mixed signals suggest the Indian economy is experiencing a slowdown despite some resilience in service industries.
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