数据显示，食品价格继续同比下降，11月降幅收窄至3.91%。食品类价格下行主要受蔬菜、豆类及香料 等品类成本持续走软驱动。自今年9月商品及服务税（GST）税率调整以来，整体商品通胀亦维持在低 位。（新华财经） 印度年11月消费者物价指数（CPI）同比上涨0.71%，较10月创下的历史低点0.25%有所回升。尽管出现 反弹，该通胀水平已连续第三个月低于印度央行（RBI）设定的2% 通胀容忍区间的下限。 ...

Core Insights - India's September PMI index has declined from August's peak, influenced by a 50% tariff imposed by the US on Indian exports, leading to the slowest growth in new export orders in six months, while domestic new orders have increased [1][3] Group 1: PMI Performance - The composite PMI output index for India in September is at 61.9, down from August's final value of 63.2 [1] - The services PMI business activity index for September is at 61.6, compared to August's final value of 62.9 [1] - The manufacturing PMI output index for September is at 62.7, down from August's final value of 63.7, while the manufacturing PMI index itself is at 58.5, down from August's 59.3 [1][3] Group 2: Sectoral Trends - There is a divergence between services and manufacturing sectors, with services growth slowing to the lowest level in six months, while manufacturing growth has accelerated [3] - Despite a continued increase in private sector employment at the end of Q2, the pace of expansion has slowed compared to August, with both manufacturing and services growth rates declining [3] Group 3: Cost Pressures and Inflation - Significant cost pressures remain in the services sector, contrasting with the recovery in manufacturing, with reports of rising prices for cotton, electronic components, oil, steel, vegetables, and timber [3] - In September, the increase in manufacturers' selling prices outpaced that of service providers, with the slowdown in the services economy lowering the overall inflation rate [4] Group 4: Future Outlook and Tax Changes - Private sector assessments of future output are very optimistic, with overall confidence levels rising to a seven-month high, partly due to the reduction in Goods and Services Tax (GST) [4] - The GST council has implemented a simplified two-tier tax structure, effective September 22, with the basic tax rate reduced to 5% and 18%, and some essential goods and services seeing tax reductions or exemptions, which is expected to stimulate consumption [4]

印度7月商品及服务税（GST）总收入1.96万亿印度卢比，同比增长7.5%。 ...