India's Manufacturing Purchasing Managers’ Index (PMI) in February marked the slowest expansion since December 2023, falling to 56.3, data compiled by S&P Global and released by HSBC said on Monday.
A business survey showed on Wednesday that India's dominant services sector growth was slowest in over two years in January amid cooling demand. However, it remained historically strong and led to a substantial rate of hiring.
Manufacturing sector in India kicked off 2025 on a strong note, with the Purchasing Managers’ Index (PMI) climbing to 57.7 in January as compared to 56.4 in December.
The final India Services Purchasing Managers' Index (PMI) for December 2024 rose to 59.3 points, an increase from 58.4 points recorded in November.
The Manufacturing Purchasing Managers’ Index (PMI) fell to 56.4, down from 56.5 in November showcasing manufacturing activity’s weakest growth of 2024 in December.
India's dominant services sector growth remained robust but slackened to a 10-month low in September as demand slowed, an HSBC survey said on Friday.
The growth recorded in the Indian manufacturing sector slowed to an eight-month low in September.
India’s business growth in September 2024 has slowed to a nine-month low, signalling potential challenges for the economy as demand cools and input costs rise.
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
India’s manufacturing sector, a key pillar of the nation’s economic growth, is showing signs of a slowdown, raising concerns about the trajectory of the broader economy.
