India's manufacturing sector experienced robust growth in mid-2025, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) reaching a 14-month high of 58.4 in June, up from 57.6 in May. This growth was driven by a surge in exports and a record increase in employment. The services sector also showed strong performance, with the Services PMI rising to a 10-month high of 60.4 in June, supported by increased new business and robust international sales. However, in July, while manufacturing activity further strengthened, with the Manufacturing PMI rising to 59.2, the services sector showed signs of easing, with the Services PMI declining slightly to 59.8 from 60.4 in June. The overall HSBC India Composite PMI for July stood at 60.7, a slight decrease from 61.0 in June, indicating continued expansion in business activity, primarily driven by manufacturing gains.