PMI preliminary value shows that India's economic activity slowed down in November.

HSBC's latest survey shows that economic activity in India slowed in November due to a decrease in exports to the United States and higher tariffs. The manufacturing Purchasing Managers' Index (PMI) in India dropped from 59.2 in October to 57.4, while the services PMI increased from 58.9 to 59.5. This led to a composite PMI dropping from 60.4 in October to 59.9. These indices reflect the level of confidence in the economy and are based on preliminary surveys. The final PMI data for the month will be revised when released next month. A reading above 50 indicates economic expansion, while below 50 indicates contraction.