Archive · 24 Jul 2025
India's Business Activity Rises as Manufacturing Expands in July
India's business activity increased in July, with the PMI output index reaching 60.7, driven by strong manufacturing.
The services sector also grew, but at a slower rate.
Although business confidence decreased and job growth slowed down, overall economic expansion was noted.
However, both costs of production and prices of goods increased, suggesting rising inflation.
This data comes from a survey that measures business activity across manufacturing and services, using purchasing managers' feedback.
India's composite PMI output index rose to 60.7 in July.
Manufacturing activity accelerated, while services sector expansion softened.
Business confidence fell to its lowest since March 2023.
Employment growth moderated to its weakest pace in 15 months.
Input costs and output charges rose in July, indicating inflationary pressures.
- Who
- HSBC and S&P Global compiled the PMI
- What
- India's composite PMI output index rose to 60.7 in July.
- When
- July
- Where
- India
- Why
- The PMI measures overall business activity across both manufacturing and services.
Positive Economic Indicators
Negative Economic Indicators
Business Activity vs. Confidence
Positive Economic Indicators
Increased manufacturing activity and rising PMI index.
Negative Economic Indicators
Decreased business confidence and employment growth.
Sales and Inflation
Positive Economic Indicators
Growth in sales and export orders.
Negative Economic Indicators
Rising input costs and output charges.
- PMI Output Index (July)
- 60.7
- PMI Output Index (June)
- 58.4
- Services PMI (July)
- 59.8
- Services PMI (June)
- 60.4
- Business Confidence
- Lowest since March 2023
- Employment Growth
- Weakest pace in 15 months