India s manufacturing activity slowed to the slowest in five months in September, with new orders growing at a slower pace, according to a private survey. The Purchasing Manager s Index (PMI) dropped to 57.5 in September, down from 58.6 in August, but remained in positive territory for the 27th consecutive month. Despite the slowdown, India s factory output grew at the highest rate among emerging markets in Asia. Employment rose due to increased production and new orders, while input costs eased. However, higher oil prices may increase input costs in the future. | Latest News India