neutral
India private‑sector growth slows to six‑month low in November
India’s flash Composite PMI for November dropped to 59.9, the lowest in six months, as manufacturing activity slid to a nine‑month low of 57.4, according to HSBC. Exports grew at their slowest pace since March, hit by global competition and elevated U.S. tariffs.
Services remained resilient at **59.5**, up from October’s 58.9. Analysts say the slowdown puts pressure on consumption and bolsters expectations for a rate cut by the Reserve Bank of India next month.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
neutral
India private‑sector growth slows to six‑month low in November
India’s flash Composite PMI for November dropped to 59.9, the lowest in six months, as manufacturing activity slid to a nine‑month low of 57.4, according to HSBC. Exports grew at their slowest pace since March, hit by global competition and elevated U.S. tariffs.
Services remained resilient at **59.5**, up from October’s 58.9. Analysts say the slowdown puts pressure on consumption and bolsters expectations for a rate cut by the Reserve Bank of India next month.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
1 min read
74 words
India’s PMI data show a six‑month low in growth, driven by weak manufacturing; RBI easing bets strengthen.
India’s flash Composite PMI for November dropped to 59.9, the lowest in six months, as manufacturing activity slid to a nine‑month low of 57.4, according to HSBC. Exports grew at their slowest pace since March, hit by global competition and elevated U.S. tariffs.
Services remained resilient at **59.5**, up from October’s 58.9. Analysts say the slowdown puts pressure on consumption and bolsters expectations for a rate cut by the Reserve Bank of India next month.
India’s flash Composite PMI for November dropped to 59.9, the lowest in six months, as manufacturing activity slid to a nine‑month low of 57.4, according to HSBC. Exports grew at their slowest pace since March, hit by global competition and elevated U.S. tariffs.
Services remained resilient at **59.5**, up from October’s 58.9. Analysts say the slowdown puts pressure on consumption and bolsters expectations for a rate cut by the Reserve Bank of India next month.
Tags:
- economy
- india
- economy
- india
- pmi
- manufacturing
- rbi