Feb manufacturing PMI falls to four-month low amid rising borrowing costs

India's manufacturing sector expanded at the slowest pace in four months in February but remained relatively strong amid buoyant domestic demand, despite higher inflationary pressures, a private survey showed on Wednesday.
 

Rising borrowing costs and weakness in manufacturing have slowed the Indian economy. It expanded 4.4% last quarter year-on-year from 6.3% in the previous quarter, data showed on Tuesday, slower than the 4.6% predicted in a Reuters poll.
 

The manufacturing sector shrank 1.1% in the quarter year-on-year, the second straight contraction reflecting a weakness in exports.
 

The Manufacturing Purchasing Managers' Index, compiled by S&P Global dipped to 55.3 last month