The Economic Times

India's private sector growth slows to three-month low in June as demand weakens, costs rise: HSBC PMI

India's private sector experienced a slowdown in June, reaching a three-month low as rising costs and softening demand impacted business. The composite PMI dipped to 57.4. While manufacturing output growth eased, both manufacturing and services PMIs saw declines. Despite this, businesses remain hopeful for future output, though overall confidence has weakened, with manufacturers showing the lowest sentiment in nearly four years.