India’s Flash PMI Slips to 58.6 on Slower Service Activity

The service sector growth is expected to slow as the flash PMi was at 57.7 in March. (REPRESENTIONAL Image) | Photo Credit: Getty Images/Istockphoto

India’s HSBC Flash PMI Slipped to 58.6 on a Slower Service Sector Activity in March 2025, AS Against 58.8 in February 2025, According to a statement from HSBC.

A Value Above 50 Implies Growth in Private Sector Activity and the Index has styed Above This Level for more than three years now. The flash PMi is an early indicator which gives data based on 80% to 90% of the responses from the survey party.

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The service sector growth is expected to slow as the flash PMi was at 57.7 in March. The Final Value was 59 in February 2025. The Slowdown in Service Sector Output May Be Attributable to Higher Pries in Comparison to Manufacturers and A Sloer Grower Growth in New Busines From Aroad. Manufacturing Flash PMI Came in at a Faster 57.6 in March 2025, AS Against 56.3 February 2025.

“India’s manufacturing sector expanded at a faster pace in March, according to the flash PMi. The output index rose to its highhest level since july 2024. Intensified as Input Price Inflation Ticked Up While Factory Gate Pries Rose at the Weakest Rate in A Year. Pranjul Bhandari, Chief India Economist at HSBC.

Demand Remained Strong and Volumes Grew, HSBC said in its statement. Hiring in March 2025, Increased in Response to an increase in the work load. Headcount in Manufacturing Sector Increased for the First Time in Seven Months, The Surveyy Observed.

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Operating expenses increase across the board with service sector feeling the pins more than manufacturers. Despite Higher Operating Costs, Competitive Conditions Prevented Companies from Passing A Large Share of the Increase in Pries to the Customers, The Statement Read.

‘Business confidence remained stangly positive, but the overall level of sentiment slipped to a seven-month low in March. Fierce competition featured as the main worry among survey participants in the qualitative part of the survey. Both manufacturers and service providers were Slightly Less Upbeat Towards Output Prospects Than in Fabrury, ”HSBC noted.