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India's private sector growth slowed in September due to weaker global demand, especially from the U.S., despite strong domestic demand and rising business confidence.
India's private sector growth slowed in September, with HSBC's flash Composite PMI falling to 61.9 from 63.2, still indicating strong expansion.
Manufacturing and services activity eased, driven by weaker international demand, particularly due to a U.S. 50% tariff on Indian goods, though domestic demand strengthened possibly from lower GST rates.
Job creation moderated, and inflation pressures varied, with manufacturing input costs rising sharply, the highest in over 12 years, while service sector inflation eased.
Business confidence rose to a seven-month high, reflecting optimism about future output and demand.
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El crecimiento del sector privado de la India se desaceleró en septiembre debido a la debilidad de la demanda mundial, especialmente de los Estados Unidos, a pesar de la fuerte demanda interna y la creciente confianza empresarial.