India's manufacturing sector showed robust activity in July 2025, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) rising to 59.1, up from 58.4 in June, according to the HSBC survey compiled by S&P Global. This marks the highest manufacturing PMI reading since March 2024, driven by increased new orders and output. The HSBC India Composite PMI for July stood at 60.7, slightly below June's 61.0. Meanwhile, the HSBC India Services PMI declined marginally to 59.8 in July from 60.4 in June. Earlier flash data had indicated a manufacturing PMI of 59.2 in July, the highest since February 2008, but the finalized figure settled slightly lower at 59.1.