GK and monthly revision

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

In June 2023, India's private sector growth slowed to a three-month low, with the composite PMI falling to 57.4 due to rising costs and weakened demand. Both manufacturing and services sectors reported declines in their respective PMIs, indicating a broader economic challenge. Despite the downturn, businesses remain optimistic about future output, although manufacturer sentiment is at its lowest in nearly four years, highlighting a potential economic slowdown.