India’s private sector activity continues to expand; PMI eases to 58.1
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
Services activity in India expanded at a rapid pace in April, marking a five-month high. This growth was supported by stronger domestic demand, higher ecommerce activity, and improved new order inflows, according to the HSBC India Services PMI.
The private sector manufacturing activity growth recovered in April as HSBC’s India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, which measures monthly change in manufacturing output, rose to 54.7 in April, up from 53.9 in March.
India’s private sector activity gathered momentum at the start of the new financial year, with the HSBC Flash India Composite PMI Output Index rising to 58.3 in April from 57.0 in March, according to data compiled by S&P Global.
India’s services sector growth slowed to a 14-month low in March, even as cost pressures rose sharply, according to HSBC and S&P Global PMI data. Firms reported the fastest increase in input prices in nearly four years.
Major factors, including auto sales figures, PMI data, Foreign Institutional Investor (FII) activity, and international economic updates, are expected to drive the Indian stock market this week.
High-frequency indicators for the first two months of FY26 indicate resilient performance of the domestic economy amid the heightened geopolitical situation, Finance Ministry’s ‘Monthly Economic Review for May 2025’ said on Friday, adding that overall, the outlook for the Indian economy remains positive.
India’s manufacturing sector hit a 10-month high in April 2025, with the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rising from 58.1 in March to 58.2 in April.
India’s services sector, long the linchpin of its economic dynamism, is showing signs of moderation.
India's Manufacturing Purchasing Managers’ Index (PMI) rose to 58.1 in March 2025, up from 56.3 in February, and its highest mark in 8 months.
