TOKYO -- Growth in India’s manufacturing sector slowed in July amid modest gains in new orders, according to a survey.
The Nikkei India Manufacturing Purchasing Managers Index, or PMI, fell from 53.1 in June to 52.3 in July, edging closer to the 50-point line separating expansion from contraction. The reading was still the second strongest of the year after June and marked the 12th straight month of expansion.
