India's manufacturing sector grew at a softer pace in August in the backdrop of a second wave of coronavirus infections and surging costs, survey results from IHS Markit showed on Wednesday.
The headline manufacturing Purchasing Managers' Index, or PMI, fell to 52.3 in August from 55.3 in July.
Economists had forecast a score of 55. Any reading above 50 indicates expansion in the sector.
Production and new orders rose for the second straight month, but at slower rates. New export orders increased at a slower pace in August.
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