The flash composite Purchasing Managers' index (PMI), a key indicator of economic health, decreased to 59.3 in September from an upwardly revised 60.7 in August.

However, employment continued to increase at a solid pace in September Rates of input cost and output price inflation were relatively muted

The headline 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 – dipped to 59.