India’s economic activity surges in June led by manufacturing

 

India’s economic activity surged in June, with the HSBC Flash Composite Output Index climbing to a 14-month high of 61, indicating a sharp and above-trend expansion in both manufacturing and services. A reading above 50 signals growth, and the index has remained in expansion territory for over three years. According to Standard and Poor’s (S&P) Global, which compiled the survey, manufacturers led the upturn, supported by rising demand, efficient operations and technology investments. 

The Flash India 

Manufacturing Purchasing Managers’ Index (PMI) rose to 58.4 in June from 57.6 in May, while the output index reached 61.5, its highest since April 2024. In the services sector, the activity index increased to 60.7 from 58.8 in May, reflecting robust momentum. The report highlighted a significant rise in new export orders, especially in manufacturing, supported by stronger demand from Asia, Europe, West Asia and the United States, as per a report.

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