India’s manufacturing activity grows more slowly in June, according to the latest HSBC India Manufacturing PMI, which falls to 54.2. Multiple outlets report that this reading marks a slowdown in factory momentum, coming down from 55.0 in May. The index stays above the 50-point threshold that separates contraction from expansion, but sources describe it as among the lowest readings in recent years. The reports attribute the weaker performance to broad-based softness: new orders and output both decline in June, with slower growth also seen across several sub-components. Business Standard notes that output, new orders, exports, and employment continue to expand but at a slower pace than before. Concerns about demand and market conditions are also highlighted, contributing to weaker business confidence, with one outlet citing a five-month low. The Hindu adds that the capital goods sector is a key area behind the downturn. Overall, outlets agree that softer demand—along with competitive pressures and an international demand slowdown—reduces the pace of manufacturing growth in June while keeping the sector in expansion territory.