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India's private sector growth slowed in October due to weaker exports and competition, despite ongoing expansion.
India's private sector growth slowed to its weakest pace in five months in October, with the HSBC flash Composite PMI falling to 59.9 from 61.0, still indicating expansion.
The services sector decelerated due to intense competition and weather disruptions, while manufacturing improved to 58.4, driven by strong domestic demand and recent GST cuts.
New orders grew at the slowest pace in five months, exports weakened to a seven-month low amid U.S. tariffs, and input costs rose at the weakest rate since June, though selling prices increased due to higher labor and transportation expenses.
Employment growth eased, and business optimism dipped slightly, though firms remain confident in future gains from tax cuts, new products, and technology investments.
El crecimiento del sector privado de la India se desaceleró en octubre debido al debilitamiento de las exportaciones y la competencia, a pesar de la expansión en curso.