Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI

HSBC’s Flash PMI data reveals sustained growth in India’s manufacturing and services sectors. The report highlights a robust expansion in manufacturing activity driven by strong domestic demand, while the services sector saw continued growth, supported by rising consumer spending. However, inflationary pressures remain a concern, with input costs rising steadily. Despite these challenges, the overall economic outlook for India remains positive, buoyed by policy reforms, infrastructure development, and a burgeoning digital economy. The PMI data is often considered a reliable indicator of economic health, and the consistent upward trend signals resilience in India's economic fundamentals.