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...

India’s services sector growth moderates in October, price pressures ease: HSBC PMI

November 6, 2025 12:12 PM

India’s services sector growth moderates in October, price pressures ease: HSBC PMI

India's services sector continued to expand in October, though the pace of growth eased to a five-month low, according to the HSBC India Services Purchasing Managers' Index (PMI) released on Thursday. The index fell to 58.9 in October from 60.9 in September, remaining well above the neutral mark of 50 that separates growth from contraction. The report, compiled by S&P Global, said that while demand buoyancy and the recent GST reforms boosted business activity, competitive pressures and hea...