India Private Sector Expansion Cools Slightly in September

Data from a business survey released September 23 shows India’s private sector growth remained robust this month but cooled from August’s multi‐year high. New orders slowed, and firms showed reluctance in expanding staffing despite sustained demand. Input cost pressures persisted, though output prices eased somewhat. Overall, the picture suggests solid momentum but with signs of moderation that could influence future GDP growth and inflation trajectories.