FX.co ★ India's PMI Slips Slightly in August, Remains Strong at 63.20%

In August 2025, India reported a slight decrease in its Purchasing Managers' Index (PMI) for manufacturing and services, as the indicator settled at 63.20%, down from its peak of 65.20% in July. The data, updated on 03 September 2025, reflects a month-over-month comparison and indicates a modest softening in the sector's expansion pace.

While the indicator remains robust, signaling continued growth, the decline suggests a slowdown in the momentum of economic activities. Analysts are interpreting this adjustment as a normalization phase after the unprecedented high July numbers.

The PMI is a critical gauge of economic health in the manufacturing and service sectors, and despite the small dip, India's index far surpasses the 50% baseline that separates growth from contraction. Stakeholders remain optimistic as the country's index consistently indicates strong, sustained expansion.