New Delhi, January 23 (IANS). There has been a rise in the activities of manufacturing and services sector in India in January. This information was given in HSBC Flash PMI data on Friday.
HSBC Flash India Composite PMI Index has increased to 59.5 in January, which was 57.8 in December.
According to the HSBC Flash India PMI compiled by S&P Global, conditions improved for manufacturers and service providers in January. Despite the acceleration in inflation since December, input cost and output fee inflation rates have remained moderate.
HSBC Chief India Economist Pranjul Bhandari said that as indicated by the PMI, the pace of growth in both manufacturing and services sectors has accelerated. Despite the increase in manufacturing PMI, the January figure remained below the 2025 average.
Bhandari said that after a slight decline in late 2025, there has been a sharp increase in the number of new orders. Input cost pressures increased sharply, although the impact was greater on commodity producers than service providers.
According to the report, the main reason for the pace of growth in private sector activity was the rapid increase in new businesses.
According to those surveyed, the increase in sales was due to increased demand and aggressive marketing campaigns. The manufacturing sector recorded a faster recovery than service providers, although the pace of growth accelerated in both cases.
“January data showed strong growth in international orders, the highest in the last four months. Asia, Australia, Europe, Latin America and the Middle East emerged as the main destinations for Indian goods and services in the survey,” the report said.
India’s private sector hiring resumed in January after no change in employment in December.
The report noted that assessing the 12-month outlook for business activity, Indian private sector companies were optimistic.
–IANS
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