India's manufacturing sector activity falls to 9-month low in November on softer rise in sales, production: PMI
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims·
Why in news
The HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to a nine-month low in November 2025, reflecting a slowdown in sales and production growth.
Background
The HSBC India Manufacturing PMI dropped from 59.2 in October to 56.6 in November. Commerce Secretary Rajesh Agrawal noted that a framework trade deal with the U.S. is expected this year to address tariff concerns.
Facts for Prelims
- FactHSBC India Manufacturing PMI fell to 56.6 in November 2025
- FactThe PMI recorded its slowest improvement in operating conditions since February
- PostRajesh Agrawal is the Commerce Secretary of India
For Mains
Q. Analyze the factors contributing to the slowdown in India's manufacturing sector and discuss the role of international trade agreements in bolstering export competitiveness.
Dimensions to cover in your answer
- Trade friction: Impact of international tariffs on the cost-competitiveness of Indian manufacturing exports
- Market volatility: Sensitivity of domestic production growth to global competition and demand fluctuations
Keywords: Purchasing Managers' Index · Manufacturing Output · Trade Framework · Export Competitiveness · Tariff Barriers
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