Back to today’s briefing

Story perspectives

India's Private Sector Soars: PMI Hits 14-Month High

6/25/2025

25 3

Summary

Story summary

India's private sector surged in June, with the HSBC Flash Composite PMI soaring to 61—the highest in 14 months. This remarkable growth was fueled by robust export demand and a surge in hiring across manufacturing and services. While input price inflation eased, overall business sentiment stayed optimistic, despite a slight dip in service sector confidence.

History

Historical Context

In 1991, India initiated major economic reforms that liberalized its economy, leading to a 6.1% GDP growth that year. This shift towards a market-oriented economy has significantly influenced the private sector's expansion, evidenced by the HSBC Flash Composite PMI reaching 61, driven by strong export demand. The long-term effects of these reforms continue to shape India's economic landscape.

1 of 2

Story summary

India's private sector surged in June, with the HSBC Flash Composite PMI soaring to 61—the highest in 14 months. This remarkable growth was fueled by robust export demand and a surge in hiring across manufacturing and services. While input price inflation eased, overall business sentiment stayed optimistic, despite a slight dip in service sector confidence.

1 / 2