India's business growth hit a nine-month low in September, with HSBC PMI falling to 59.3.

India's business growth hit a nine-month low in September, with the HSBC Composite Purchasing Managers' Index (PMI) falling to 59.3 from 60.7 in August. This decline reflects reduced demand and rising costs, yet overall activity remains strong, above the long-term average. Both manufacturing and services sectors continued to grow, with the services sector reporting the fastest job growth in two years. Despite the slowdown, the future business outlook remains positive.

September 23, 2024
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