India's June factory growth slips to second-weakest since mid-2022 as demand softens, PMI shows

India's manufacturing sector experienced its second-slowest growth in four years during June, primarily due to a slowdown in demand for goods impacting output and hiring. While cost pressures eased, new orders and export sales saw a significant dip, with European clients contributing to weaker international demand. Business confidence also declined, reflecting concerns over market conditions.