India’s Economic Growth Remains Robust in June Despite Slight Moderation, PMI at 57.4
New Delhi, June 23: India’s economic activity continued to expand at a healthy pace in June, even as growth showed a marginal slowdown compared to previous months, according to the latest Purchasing Managers’ Index (PMI) data, which stood at 57.4.
The reading, well above the neutral mark of 50, indicates sustained expansion across key sectors, reflecting resilience in both manufacturing and services. The data points to continued strength in demand conditions, steady business activity, and overall economic stability despite global headwinds.
In the manufacturing sector, firms reported stable output levels supported by consistent domestic demand and improved supply conditions. The services sector also remained a key growth driver, benefiting from strong client activity, new business inflows, and ongoing recovery in consumption-related services.
Employment trends remained positive, with companies continuing to hire in response to rising workloads. Input costs and output prices showed mixed trends, but overall inflationary pressures remained manageable within the broader economic context.
Experts noted that while the slight moderation in PMI suggests a cooling from earlier highs, the index continues to signal strong expansion. They added that India’s growth remains supported by resilient domestic consumption, government spending, and improving business confidence.
Economists further highlighted that external uncertainties, including global demand fluctuations and geopolitical risks, may influence short-term momentum. However, India’s domestic-driven growth model is expected to provide a buffer against external shocks.
Overall, the June PMI data underscores the strength and stability of India’s economy, reinforcing expectations of sustained growth in the coming months, supported by strong fundamentals and broad-based sectoral performance.