India’s Growth Slows Slightly

  Published 4 months ago

India’s private sector growth slowed in November as manufacturing weakened, though overall expansion stayed strong with services activity improving steadily.

  • Flash composite index slipped to 59.9 from 60.4, still well above long-run average, indicating continued expansion despite moderating momentum conditions.
  • Manufacturing PMI fell to 57.4, marking a nine-month low, with slower factory production and the weakest new orders and activity growth recorded.
  • Services PMI improved to 59.5 from 58.9, signaling resilient demand and steady expansion, partially offsetting manufacturing weakness within economic activity.

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