Mumbai, Oct. 24 -- Falling from 61.0 in September to 59.9 in October, the HSBC Flash India Composite Output Index registered its lowest reading since May 2025. Despite signalling a softer rate of expansion, the current figure was still consistent with a historically sharp rate of growth.

Conversely, the HSBC Flash India Manufacturing PMI rose from 57.7 in September to a two-month high of 58.4 in October. The latest reading was indicative of a substantial improvement in manufacturing conditions.

Private sector activity in India continued to increase sharply in October, but growth lost momentum amid a slowdown in the service economy.

The latest HSBC Flash PMI data highlighted the weakest expansions in aggregate new orders and output sinc...