India's August Private Sector Growth Recovers Slightly From Over Four Year Low, PMI Shows The latest flash purchasing managers' index (PMI) numbers from HSBC reveal a mixed bag for India's private sector.
The August reading shows a slight improvement over the previous month, but it still falls short of the recent average. The services sector has shown some resilience, with new orders growing at a faster pace this month.
However, companies are citing challenging market conditions, competitive pressures, and lower customer requirements as constraints.