India’s private sector growth cooled slightly in June, as the HSBC Manufacturing & Services PMI slipped to 57.10 from 59.30 in the previous month, according to data updated on 3 July 2026.
The month‑over‑month decline signals a moderation in the pace of expansion across both manufacturing and services compared with the strong momentum seen earlier. While the composite indicator has retreated from its previous high, it remains well above the 50-point threshold that separates expansion from contraction, indicating that overall activity in India’s economy continues to grow, albeit at a more measured rate.
Both the latest “actual” reading and the “previous” comparison are based on changes versus their respective prior months, underscoring a sequential easing rather than a reversal in trend for June 2026.