India September Composite PMI Final Reading 55.9 vs Flash 56.5

The downward revision to India's composite PMI is notable less for its size than for what it signals about the durability of the country's growth momentum. A final reading that undershoots the flash estimate suggests business activity in September was slightly less robust than initially reported, even as it remains comfortably in expansion territory. For crypto and RWA markets, India's macro resilience matters because it underpins domestic risk appetite and the case for tokenized asset adoption in a fast-growing economy. Whether this revision is a one-off or the start of a softer trend in final prints is the open question.