India’s Manufacturing Growth Slows In December As Output And Export Orders Ease

India’s manufacturing industry ended 2025 on a softer note, as the latest Purchasing Managers’ Index (PMI) survey revealed easing momentum across key indicators. The HSBC India Manufacturing PMI, compiled by S&P Global, slipped to 55.0 in December from 56.6 in November, signaling the slowest expansion since December 2023. While the reading remained comfortably above the neutral 50 mark, indicating continued growth, the pace of improvement weakened due to competitive pressures and subdued demand in certain categories.  

 

Key highlights from the announcement include  

The December PMI data underscores the challenges facing India’s manufacturing sector, including global demand uncertainties and competitive pressures. However, with inflationary pressures easing and domestic demand still supportive, the industry is expected to maintain expansion, albeit at a slower pace. The focus for 2026 will be on sustaining growth while navigating external headwinds.  

 

Sources: Livemint, The Hindu, Telegraph India, CNBC TV18