Indias November PMI slips as manufacturing loses steam; Pvt sector activity at six-month low

India's private sector growth slowed in November to a six-month low, driven by a sharp decline in manufacturing output despite a pickup in services. This moderation in economic momentum is attributed to factors like heavy rain, competitive global pricing, and a potential peak in GST-led boosts. Optimism for future output and hiring also weakened, though inflation pressures continued to ease.