India’s private sector growth hits 3-year low as Middle East war saps demand

India’s private sector growth slowed to a three-year low as the Middle East conflict reduced domestic demand, while exports rose to a record.

Source: Reuters (via feed)




India’s private sector expanded at its weakest pace in over three years in March. Price shocks from the U.S.-Israeli war on Iran dampened domestic demand, a survey showed on Tuesday. The survey also reported that international orders hit a record high during the same period.

BizTrendWire Insight:

The survey captures a slow domestic private sector growth and simultaneous record high international orders in March.


Read full story on Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *