New Delhi, Jan 23 || Growth picked up pace for both manufacturing and services in India in January as the HSBC Flash PMI figures on Friday showed quicker increases in new orders and output, alongside the reinstatement of job creation and a rebound in business confidence in the country.
Rising from 57.8 in December to 59.5 in January, the HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – indicated a sharp rate of expansion that was above the long-run series average.
Trends improved at both manufacturers and service providers. Meanwhile, aggregate rates of input cost and output charge inflation remained moderate despite quickening since December, said the HSBC Flash India PMI by S&P Global.
“Growth, as signalled by the HSBC flash PMI, picked up pace for both manufacturing and services. Despite the rise in the manufacturing PMI, January’s figure remained below the 2025 average,” said Pranjul Bhandari, Chief India Economist at HSBC.