India's Economic Activity Little Changed in November, PMIs Show.

India's economic activity in November remained relatively stable, with a slight increase in services and a slight decrease in manufacturing, according to early surveys. The manufacturing purchasing managers' index decreased to 57.3, while the services index rose to 59.2. Despite some easing in manufacturing, the sector outperformed expectations, and services saw a boost in activity. Price pressures are rising for raw materials and food, with private sector companies in India increasing their selling prices. Economists have revised down GDP growth forecasts for the year through March 2025, with some predicting a 6.4% expansion. [Extracted from the article]