India's private sector experienced a slowdown in June, reaching a three-month low as rising costs and softening demand impacted business. The composite PMI dipped to 57.4. While manufacturing output growth eased, both manufacturing and services PMIs saw declines. Despite this, businesses remain hopeful for future output, though overall confidence has weakened, with manufacturers showing the lowest sentiment in nearly four years.

Core sector growth in India slowed to 0.5% in May 2026, marking the second-lowest performance in 21 months.

India's private sector growth slowed in June, hitting a three-month low as weaker demand impacted both factories and services. Business confidence dipped to its lowest since…