22 August 2025 Emerging Asia Monitor Recovery in India's PMIs finally entering a meaningful stage

India’s PMIs continue to shrug off the tariff noise— even the 50% threat—with the August data punchy…
…Partial Q3 PMIs point to a continuation of near-7% GDP growth, but watch the slump in future output.
Our final forecast for next week’s Q2 GDP report is 7%, implying only a minor cooling from 7.4% in Q1.

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