The Headlines – Business growth slows December: HSBC Composite PMI drops to 58.9; softest output growth since February

India’s business expansion continued in December, though at a moderated pace. The composite PMI index dipped to 58.9, reflecting slower growth in both manufacturing and services. While new orders remained strong, companies showed increased caution about future prospects, with business confidence declining. Despite the slowdown, the private sector maintained robust activity.

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