This also marks the fourth consecutive month of decline in the rate of Indian manufacturing output growth, as per the monthly Purchasing Managers' Index (PMI) survey conducted by
Markit and Nikkei India.
    
"The health of India's manufacturing economy improved for the 25th successive month in November, although to the least extent in this sequence.
    
"The latest PMI data showed slower increases in incoming new business and output, while subdued demand growth led firms to keep workforce numbers broadly unchanged," as per the
survey.
    
The input cost inflation at the same time accelerated to the strongest since May, whereas factory gate prices were raised at a weaker rate that was marginal overall.
    
PMI fell to a 25-month low of 50.3 in November, from 50.7 in October. A reading above 50 marks expansion of the sector, while a score below this level means contraction.

 

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