India’s private sector activity strengthened in September, with the HSBC Manufacturing & Services PMI rising to 55.90 from 54.30 in the previous month, on a month-over-month comparison basis. The latest reading, updated on 06 October 2026, points to a faster expansion in overall business activity across both manufacturing and services.
The improvement from 54.30 to 55.90 indicates that output, new orders, or a combination of both likely accelerated compared with the prior month, as any reading above 50 signals expansion. This suggests that Indian firms may be experiencing healthier demand conditions toward the end of the third quarter.
Both the “actual” and “previous” values refer to September 2026, highlighting how the pace of growth has picked up compared with the earlier month’s performance. The data will be closely watched by investors and policymakers for confirmation that India’s private sector is maintaining a solid growth trajectory heading into the final quarter of the year.