India's private sector activity eased to 58.1 in May, driven by a slowdown in manufacturing as geopolitical tensions and trade disruptions impacted business sentiment and demand.
The manufacturing PMI has slipped to 54.3 in May from April's 55.9
May 21, 2026
11:45 am
What's the storyIndia's private sector activity witnessed a slowdown in May, with the HSBC India Composite Purchasing Managers' Index (PMI) easing to 58.1 from April's 58.2.
The decline is mainly due to the ongoing US-Iran war and disruption of the Strait of Hormuz, which have adversely affected business sentiment and external demand.
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