Indian manufacturing growth eases to 3-month low in May, PMI shows

Indias manufacturing growth slowed to a three-month low in May due to softer demand, price pressures, and geopolitical tensions, according to HSBCs PMI survey. Despite this, job creation hit a record high, with permanent hiring rising fastest ever. Input costs surged to a six-month peak, pushing output prices up significantly, potentially complicating the Reserve Bank of Indias upcoming rate cuts.