The flash composite Purchasing Managers' index (PMI), a key indicator of economic health, decreased to 59.3 in September from an upwardly revised 60.7 in August.

India’s economic activity grew at the weakest pace in 2024 following a drop in both services and manufacturing sector, a flash survey by HSBC Holdings Plc showed.

Growth in India's business activity slowed to a nine-month low in September amid a slight cooling in demand and an uptick in costs, according to a survey that also showed services sector jobs rose at the fastest pace in two years.