📷 Image: Wikimedia Commons / Beyond My Ken
Business
India's Manufacturing PMI Falls to 54.7 in October Amid Rising Exports
✍️ Asianet Newsable
🗓 02 Nov 2026, 02:16 PM
👁 19
The S&P Global India Manufacturing Purchasing Managers' Index slipped to 54.7 in October, indicating slower growth despite a pickup in export orders.
India's manufacturing sector showed a modest slowdown in October as the S&P Global Purchasing Managers' Index eased to 54.7, down from the previous month. While the reading remains comfortably above the 50‑point threshold that separates expansion from contraction, the decline signals a tempering of growth momentum.
The report highlighted that export shipments rose during the period, providing a boost to the overall activity level. However, the improvement in overseas demand was not enough to offset weaker domestic orders, which contributed to the lower PMI figure.
Analysts note that a PMI of 54.7 still points to a healthy expansion but suggests manufacturers may be facing tighter demand conditions at home. The trend will be closely watched as policymakers assess the outlook for industrial output and related economic policies.
The report highlighted that export shipments rose during the period, providing a boost to the overall activity level. However, the improvement in overseas demand was not enough to offset weaker domestic orders, which contributed to the lower PMI figure.
Analysts note that a PMI of 54.7 still points to a healthy expansion but suggests manufacturers may be facing tighter demand conditions at home. The trend will be closely watched as policymakers assess the outlook for industrial output and related economic policies.