India’s Aug Composite PMI Final at 54.3 vs Flash 54.6

The downward revision in India's composite PMI signals a slight cooling in private sector momentum, though the reading remains firmly in expansion territory. This matters for markets tracking India's growth narrative, as it suggests the pace of activity may be moderating from earlier flash estimates. The key question is whether this marks the start of a sustained slowdown or just a statistical adjustment. Services and manufacturing both contributed, so the breadth of growth is intact. Watch upcoming monthly data to see if the trend holds or if revisions become a pattern.