India manufacturing sector PMI shrinks for first time in 4-1/2 yrs

Sep 02 2013, 11:29 IST
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Bleak PMI comes hard on the heels of data that showed India's economic growth at it slowest quarterly rate since global financial crisis.. Bleak PMI comes hard on the heels of data that showed India's economic growth at it slowest quarterly rate since global financial crisis..
SummaryAugust PMI contracted to 48.5 in August from 50.1 in July, lowest reading since March 2009.

of the Reserve Bank of India this week. Economists in a separate Reuters poll said his immediate focus will be to bolster the currency.

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