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India's private sector growth slowed in December, but still expanded, driven by strong demand and investment.
India's private sector growth slowed in December, with the HSBC Composite PMI dropping to 58.9 from 59.7, its weakest pace since February, though still indicating expansion.
The decline was driven by a softer rise in new orders, particularly in manufacturing and services, despite strong export demand.
Manufacturing PMI fell to 55.7, and services activity eased to 59.1.
Employment growth stalled, and business confidence weakened for the third straight month, reaching its lowest level since July 2022.
Inflation pressures remained low, and supply conditions improved.
Despite the moderation, the economy maintained robust expansion, supported by steady domestic demand and rising global orders.
Amazon also announced a $35 billion investment in India focused on AI and logistics, underscoring continued foreign confidence.
El crecimiento del sector privado de la India se desaceleró en diciembre, pero todavía se expandió, impulsado por la fuerte demanda y la inversión.