India's manufacturing sector growth hits seven-month high in Sept. 2026 on strong demand: PMI
India's manufacturing sector reached a seven-month high in September 2026, driven by strong domestic and export demand. The growth was accompanied by increased hiring and business optimism across sectors like electronics and textiles.
Why it matters
The PMI data serves as a key indicator of India's economic health and its growing role in global supply chains.
India's manufacturing sector activity growth touched a seven-month high in September, boosted by accelerating new orders and output that fuelled solid expansion in factory hiring, a monthly survey reported on Thursday (October 1, 2026).
Indian manufacturing activity regained its upward momentum in September, driven by strong domestic and export demand. Moreover, business optimism reached a four-month peak.
The seasonally-adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose by more than two index points in September, to 55.1 from 52.8 in August, signalling the strongest improvement in the health of the sector for seven months.
In the Purchasing Managers' Index (PMI), a print above 50 means expansion, while a score below 50 denotes contraction.
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