Lacklustre demand drags Indian factory growth to two-year low in December

India, often hailed as the world’s fastest-growing major economy, appears to be hitting a speed bump. Recent data reveals a significant cooling in factory activity during December, dragging growth to a two-year low. This slowdown adds to a growing body of evidence suggesting that after an impressive run, including more than 8% growth in the July–September quarter, the Indian economy might be entering a more subdued phase.

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