Iran war dampens India private sector growth, services pick up, PMI shows
- Posted on May 21, 2026
- By Business News Today
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- 1 min read
Iran war dampens India private sector growth, services pick up, PMI shows
India's private sector growth slowed in May. Manufacturing faced a slowdown, impacting new orders and production. Services saw a marginal increase in activity. International demand weakened due to global conflicts. Input costs rose, but firms absorbed some of these costs. Job creation was stronger in services. Business optimism declined, indicating challenges ahead.
