FX.co ★ India’s Manufacturing Momentum Strengthens as HSBC PMI Climbs to 55.7 in September

India’s manufacturing sector showed a notable acceleration in September 2026, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 55.7 from 52.8 in August 2026.

The latest reading, updated on 23 September 2026, signals a solid expansion in manufacturing activity, moving further above the 50-point threshold that separates growth from contraction. The increase from August suggests strengthening business conditions in the sector, indicating improved output and demand dynamics heading into the final quarter of the year.

With the PMI now at its highest level in at least two months, the data point to growing confidence in India’s manufacturing landscape, potentially supporting broader economic momentum if the trend continues in the coming periods.