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India’s Private Sector Growth Hits Five-Month Low in October
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HSBC’s flash PMI data shows India’s private-sector growth slowing to a five-month low amid softer demand, higher costs, and export pressure from U.
HSBC’s flash India PMI showed that private-sector growth eased to a five-month low in October 2025, reflecting softer domestic demand and rising input costs. The services sector moderated while manufacturing held steady. Economists attribute the slowdown to U.S. tariff pressures on exports and higher fuel prices. Despite the dip, the PMI stayed above 50, indicating continued but slower expansion as companies await festive-season consumption recovery.