India’s private-sector growth maintains expansion in November, PMI at 59.9

November 21, 2025 3:52 PM

India’s private-sector growth maintains expansion in November, PMI at 59.9

India’s private sector growth expanded in November but at its slowest pace in six months, with the HSBC Flash India Composite Output Index falling to 59.9 from 60.4 in October. Though still comfortably above the 50-point threshold that separates expansion from contraction, the reading marks the lowest level for the index in six months. The composite index, which tracks month-on-month changes in combined output across manufacturing and services, pointed to a moderation in overall growth. The...

Indian economy makes strong end to 2024; Composite PMI for December hits 60.7

December 16, 2024 1:19 PM

Indian economy makes strong end to 2024; Composite PMI for December hits 60.7

India’s economy has shown strong performance as it closes out 2024, with the HSBC Flash India Composite Output Index rising to 60.7 in December, up from 58.6 in November. This marks the highest expansion in economic activity since August 2024, according to data compiled by S&P Global. India’s private sector recorded robust growth in December, achieving its best performance in four months. Both the manufacturing and services sectors experienced accelerated growth, fueled by a surge in ne...