Just caught the latest India manufacturing PMI reading—56.9 for February. That's a bit softer than expected (was looking for 57.2) and definitely down from January's 57.5. Not a red flag yet since anything above 50 still signals expansion, but you can see the momentum is slowing.

What's interesting is that India's manufacturing sector is still growing, just not as aggressively as before. The PMI data suggests the industry is facing some headwinds that are gradually eating into the growth pace. Still solid, but worth watching if this downtrend continues in the coming months.