India’s flash Composite PMI for November dropped to 59.9, the lowest in six months, as manufacturing activity slid to a nine‑month low of 57.4, according to HSBC. Exports grew at their slowest pace since March, hit by global competition and elevated U.S. tariffs. Services remained resilient at **59.5**, up from October’s 58.9. Analysts say the slowdown puts pressure on consumption and bolsters expectations for a rate cut by the Reserve Bank of India next month.