Archive · 22 Nov 2025
India's Economic Growth Slows as Manufacturing Slumps
India's private sector grew more slowly in November.
Factories made fewer things, while services like shops and restaurants did better.
Businesses were less hopeful about the future and hired fewer people.
Some blamed heavy rain and tough competition for their problems.
India's private sector growth slowed to a six-month low in November
Manufacturing sector growth slipped to a nine-month low
Services industry growth accelerated but not enough to offset manufacturing slowdown
New export orders rose at the slowest pace since March
Business optimism and job creation slowed down
- Who
- India's private sector
- What
- expanded at a slower pace
- When
- in November
- Where
- across India
- Why
- due to a manufacturing slowdown and challenges in securing orders
Supply Chain Disruptions
Global Economic Slowdown
Heavy Rain
Supply Chain Disruptions
Caused temporary disruptions in production
Global Economic Slowdown
Not a long-term factor
Competitive Pricing
Supply Chain Disruptions
Made it hard to secure orders
Global Economic Slowdown
Could be due to global economic slowdown
- Flash India Composite PMI
- 59.9
- Flash India Manufacturing PMI
- 57.4
- Services industry PMI
- 59.5
- New export orders growth pace
- slowest since March
- Business optimism
- lowest since July 2022
Sources
India's flash PMI falls to six month low in November as manufacturing slumps
India’s economic activity slows in November, flash PMIs show
India’s private sector growth set to cool in November, shows HSBC Flash PMI
India’s flash PMI falls to 59.9 in November, weakest since May
Mint Explainer | Is India’s manufacturing engine slowing? There are signals of strength and signs of cooling
