from india Business Activity The economy expanded at the fastest pace in four months in January on strong demand, according to a private survey. The survey also showed that input costs rose at the fastest rate since August. The findings indicate that India, Asia’s third largest economy, is likely to retain its position as the fastest growing major economy in the near term.
According to Reuters poll, India’s growth rate is expected to be 6.9% in the current financial year. HSBC Flash India Overall Purchasing Managers Index The index (PMI), compiled by S&P Global, reached 61.0 this month, its highest level since September, according to Reuters.
This is the 30th consecutive month that the index has remained above the 50 mark that separates expansion from contraction. HSBC chief India economist Pranjul Bhandari said the economy grew at a faster pace in January due to stronger manufacturing output and more robust business services activity. New orders, especially international orders, grew at a faster pace than the previous month. , Manufacturing PMI The PMI rose to 56.9 in January, while the services industry also experienced accelerated activity, with its PMI rising to 61.2.
Demand played a key role in this growth, with factory new orders growing at the fastest pace in four months and new business in the services sector growing at the fastest rate since July 2023. Companies in India have shown better expectations for the next 12 months. Particularly in manufacturing, as futures output reached its highest level in nine years.

Job creation continued for the 20th consecutive month, with higher job creation seen in the services industry. However, input costs rose at the fastest pace since August 2023, raising concerns about increased price pressures.
Retail inflation in India hit a four-month high in December, according to a Reuters poll, and the Reserve Bank of India is expected to keep interest rates unchanged until at least July.