Weak Economic Outlook for India: Factory Slumping Less, But Orders Still Shrinking

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Factory activity in India shrank for a second month in September, albeit not as sharply as in August, on a dearth of new orders which pushed firms to cut staff, a survey showed on Tuesday.

Another grim Purchasing Managers' Index (PMI) comes as Asia's third-largest economy grapples with its worst slowdown in a decade and policymakers struggle to put a floor under the battered currency.

Reporting by Yati Himatsingka, REUTERS.

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