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India's Economic Surge: Record Highs in Export Orders and Employment

  • India's combined manufacturing and services index rose sharply to 61.0 in June 2025, marking a 14-month high of economic expansion.
  • The expansion followed robust global demand, strong export orders, and moderated inflation, with the growth driven especially by manufacturers and supported by services.
  • Employment increased notably in both sectors, although services saw a slight weakening in growth from May to June, while input prices rose modestly at the slowest pace in ten months.
  • Pranjul Bhandari, HSBC Chief India Economist, stated that the PMI data showed strong growth with the export order upturn being the strongest since 2014, and the report confirmed the sharp expansion was well above the long-term average.
  • This surge indicates improving operating conditions that enhance business confidence and align with government efforts to empower firms and attract investments via reforms and ease of doing business.
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FXStreet broke the news in on Monday, June 23, 2025.
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