India’s manufacturing sector ended calendar year 2025 on a resilient, though softer, footing, as growth across key indicators moderated amid competitive pressures and subdued sales in select segments, according to the latest HSBC India Manufacturing PMI survey.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) slipped to 55 in December from 56.6 in November, marking the weakest improvement in sector health in two years, although the reading remained above its long-run average, S&P Global said in a press release
