The pace of business growth in India slowed slightly in December, but overall activity in the private sector remained strong, according to the latest HSBC PMI data released on Tuesday.
India's manufacturing activity gained further momentum in July, rising to a 16-month high of 59.1 from 58.4 in June, driven by stronger growth in new orders, output, and inventory buildup, according to the HSBC PMI data released by S&P Global.
India's manufacturing activity slowed slightly in May, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 57.6 from 58.2 in April, according to the HSBC PMI data released by S&P Global on Monday.
The latest HSBC PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry in India was more than offset by a loss of growth momentum in the service economy.
India's private sector demonstrated strong output across India for the 37th consecutive month in August, highlighted the latest HSBC Flash India PMI (Purchasing Managers' Index) report.