India's Manufacturing Growth Hits 2-Year Low in Dec Amid Weak Exports

• Manufacturing PMI cooled to 55 in December, a 24-month low, down from 56.6 in November.
• Slower new orders and significantly weakened export demand caused the slowdown.
• Export growth fell to a 14-month low; fewer firms reported increased overseas orders.
• Despite cooling, manufacturing activity remained firmly in expansion territory (PMI > 50).
• Domestic demand and subdued input costs offer cautious optimism for near-term prospects.

Why It Matters: India's manufacturing growth slowed significantly in December due to weak exports, but domestic demand offers support.