New Delhi, March 3 -- India's factory activities continued to be in expansionary mode in February 2025, but the pace of growth slowed to the weakest since December 2023, a private survey showed on Monday.
The HSBC India manufacturing purchasing managers' index (PMI) compiled by S&P Global fell to 56.3 in February 2025 from 57.7 in the previous month.
A PMI print below 50 means contraction, while above it shows expansion in activities.
Loss of growth momentum in new orders and production was one of the reasons for the decline in manufacturing PMI during February this year.
"India recorded a 56.3 manufacturing PMI in February, down slightly from 57.7 during the prior month, but still firmly within expansionary territory. Robust global de...