{"id":26253,"date":"2025-03-24T10:17:28","date_gmt":"2025-03-24T05:17:28","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=26253"},"modified":"2025-03-24T10:49:44","modified_gmt":"2025-03-24T05:19:44","slug":"india-manufacturing-grows-march-services-slows","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/india-manufacturing-grows-march-services-slows\/","title":{"rendered":"India\u2019s Manufacturing and Services PMI for March 2025: Growth Continues but Services Sector Slows"},"content":{"rendered":"
<\/div>\n

India\u2019s Manufacturing and Services Sector Performance in March<\/strong><\/p>\n\n\n\n

India’s business activity showed steady expansion in March 2025, with the manufacturing sector strengthening while the services sector experienced a slight slowdown. According to the latest data from S&P Global, the India Services PMI dropped to 57.7, compared to 59.0 in February. Meanwhile, the India Manufacturing PMI rose to 57.6, up from 56.3 in the previous month.<\/p>\n\n\n\n

Despite the decline in the services PMI, both sectors remained in positive territory, indicating continued growth in the economy.<\/p>\n\n\n\n

HSBC Composite PMI Shows Slight Dip<\/strong><\/p>\n\n\n\n

The HSBC India Composite PMI, which combines manufacturing and services activity, fell slightly to 58.6 in March from 58.8 in February. Although this suggests a minor slowdown, the index remains well above the 50-mark, which separates growth from contraction.<\/p>\n\n\n\n

Key Insights from the PMI Data<\/strong><\/p>\n\n\n\n

1. Manufacturing Growth Accelerates<\/strong><\/p>\n\n\n\n

The manufacturing sector saw an improvement in new orders and production, reflecting strong domestic demand.<\/p>\n\n\n\n

Factory activity expanded at a faster pace, showing better operating conditions compared to February.<\/p>\n\n\n\n

2. Services Sector Faces Demand Pressure<\/strong><\/p>\n\n\n\n

The services sector, although still growing, witnessed a slowdown in new business inflows.<\/p>\n\n\n\n

The decline suggests that demand in certain service industries may have weakened.<\/p>\n\n\n\n

3. International Demand Slows Down<\/strong><\/p>\n\n\n\n

Export orders for both manufacturing and services expanded at the slowest rate in the last three months.<\/p>\n\n\n\n

Global uncertainties may have contributed to the sluggish growth in foreign demand.<\/p>\n\n\n\n

4. Input Costs Rise<\/strong><\/p>\n\n\n\n

Manufacturers reported higher input costs, reaching a three-month high in March.<\/p>\n\n\n\n

The rising costs could put pressure on companies, possibly leading to higher prices for consumers in the near future.<\/p>\n\n\n\n

What This Means for India\u2019s Economy<\/strong><\/p>\n\n\n\n

Despite the dip in services activity, India\u2019s economy remains in a strong position, supported by robust manufacturing growth. The increase in new orders and production signals business confidence, while rising input costs may require close monitoring.<\/p>\n\n\n\n

If the services sector stabilizes and global demand picks up, India could maintain its strong economic momentum in the coming months.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s Manufacturing and Services Sector Performance in March India’s business activity showed steady expansion in March 2025, with the manufacturing sector strengthening while the services…<\/p>\n","protected":false},"author":1,"featured_media":26252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,31,29,619],"tags":[69,7678],"class_list":["post-26253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-business","category-finance","category-stocks-in-news","tag-india","tag-pmi-data","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2025\/03\/pexels-photo-159888-34.webp","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-6Pr","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/26253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=26253"}],"version-history":[{"count":1,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/26253\/revisions"}],"predecessor-version":[{"id":26254,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/26253\/revisions\/26254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/26252"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=26253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=26253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=26253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}