Latest / India News Today | 2 Min News | The Daily News Now!
India’s Economy: Services Rise, Manufacturing Slumps | India News
India’s economy showed a modest uptick in August, with the composite PMI rising to 54.6 — driven by a rebound in services (54.5) — but manufacturing hit its lowest since August 2021, sparking job cuts for the first time in 2.5 years. Services hiring surged, offsetting the slowdown and boosting overall employment. Businesses are cautiously optimistic, raising prices amid easing input costs — signaling resilience in services, but persistent headwinds in manufacturing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.