Whalesbook
India's business activity saw its slowest expansion in six months during November, as indicated by the Flash HSBC India Composite PMI Output Index falling to 59.9. Manufacturing activity eased to a nine-month low of 57.4, while the services sector grew to 59.5. This slowdown suggests the Goods and Services Tax (GST) boost may have peaked and reflects challenges from weaker global economic conditions impacting order flows. The Reserve Bank of India projects GDP growth to moderate in the coming quarters.