India's private sector growth slows amid West Asia conflict
after close1 source ↓written by the desknot a recommendation
- dropping
- 56.5
- in February
- 58.9
- growth rate
- 3.5 years
India’s private sector growth weakened significantly in March, with the HSBC flash composite PMI dropping to 56.5 from 58.9 in February. This marks the slowest growth rate in 3.5 years, primarily driven by a decline in domestic demand. Manufacturing output also rose at its weakest pace since August 2021, indicating potential challenges ahead for traders.
Not investment advice. For informational purposes only.