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PMI: Tariffs crimp Indian manufacturing biz confidence
Mint Bangalore
|December 02, 2025
Challenging situation US-tariff led uncertainties pushed PMI’s New Exports Orders index to a 13-month low in November, hurting Indian firms’ optimism.
India’s manufacturing sector is losing its edge due to the adverse impact of US trade tariffs. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) slid to 56.6 in November from 59.2 in October. A reading above 50 indicates expansion, but the latest figure marks the slowest improvement in operating conditions since February.
Dit verhaal komt uit de December 02, 2025-editie van Mint Bangalore.
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