The HSBC India Composite PMI rose to 61.0 in June 2025 from a final 59.3 in the previous month, beating market consensus of 59.4 and reaching its highest level since April 2024, flash data showed. The reading was well above the long-run average, driven by faster growth in both manufacturing and services. New orders rose the most since July 2024, boosted by record growth in export orders amid strong demand from Asia, Europe, the Middle East, and the Americas. Employment grew further as backlogs continued to rise in the past 3-1/2 years, with factory job creation hitting its peak, while service hiring slowed slightly. On prices, input cost increased modestly, with inflation easing to a 10-month low and below the long-term average. Output price inflation also softened from May’s six-month high, as some firms raised charges to cover costs while others held back to remain competitive. Finally, sentiment dipped to its lowest in just over two, though it remained close to its historical trend.