HSBC Composite PMI: The new private sector of the country’s new calendar year 2025 has been sluggish. Flash composite PMI for the private sector reached 14 -month low of 57.9 in January. It was at the four -month high of 59.2 in December. According to HSBC India Composite PMI flash reading, the Indian private sector activity in January reached a 14 -month low since November, 2023.
Manufacturing growth reached a six -month high
Overall private sector activities have been weak during the month of January. However, manufacturing growth in January reached a six -month high of 58. Which was 56.4 last month. The manufacturing sector has made a strong start of the new year 2025. Products have increased with new export orders. Economists have expressed the possibility of inflation decreasing.
Service sector growth weakened
Global challenges and uncertainties have slowed down the growth of the service sector. Activities in the service sector remained dry due to domestic domestic orders. At the same time, RBI has estimated GDP growth to be 6.4 percent in the current financial year. Economist has said that to maintain GDP growth at this rate, it is necessary to register growth at the rate of 6.8 percent in the next six months. In the first six months, GDP growth increased at a rate of 6 percent. But from the sluggish start of private sector companies, there has been a possibility of weakening GDP growth.
