Page 24 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 6: All India Inflation Rates for CPI(General) and CFPI (%)

Source- MoSPI

Manufacturing PMI – India

• The HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month
on-month change in the combined output of India's manufacturing and service sectors registered 60.6
in February 2025. The rate of growth was well above its long-run average. Service providers noted a
quicker increase than manufacturers, and that was the strongest in just under a year.

• Private sector output in India increased at the fastest pace in six months during February, amid a
quicker expansion in services activity. The latest HSBC ‘flash’ PMI data also indicated stronger growth
of aggregate sales, which exerted upward pressure on operating capacities and prompted companies
to step up hiring.

• Price indices moved in opposite directions, with a slowdown in cost inflation contrasting with a faster
upturn in prices charged for goods and services.

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