Indian Economy Facing A Reality Check? Flash PMI Flags Slowing Business Activity In June

Summary

India's business activity has lost some momentum in June, with companies receiving fewer new orders and demand for goods and services softening. The HSBC Flash India Composite PMI Output Index fell to fifty-seven point four in June, marking the slowest pace of business expansion since March. Although the reading still points to growth, businesses across both manufacturing and services reported weaker demand and higher operating costs, making it harder to maintain strong growth.