📊Executive Summary

India's private sector growth has shown signs of cooling, with the HSBC Flash PMI indicating a slowdown in services and a weaker rise in new orders. The manufacturing sector, however, has seen a slight improvement. The impact of renewed US tariffs is evident, as they are affecting export orders and overall sentiment in the manufacturing and services sectors. Companies are facing tighter conditions due to higher duties, which could disrupt supply chains. Procurement teams should monitor these developments closely, as they may influence sourcing strategies and cost structures....