FX.co ★ India Composite PMI Revised Lower

The Composite PMI for HSBC India reached 63.2 in August 2025, rising from 61.1 in July and achieving a 17-year high, despite falling short of the preliminary estimate of 65.2. This reading marks a new peak for the index, fueled by a widespread increase in output growth across both the manufacturing and services sectors. Additionally, total new orders experienced their fastest expansion since mid-2010, primarily propelled by service providers. Employment figures also saw a solid rise, accelerating at a quicker rate compared to July. In terms of sector performance, manufacturing growth remained relatively stable, whereas the services sector experienced a more pronounced increase.