FX.co ★ India's PMI Shows Robust Expansion in January 2026

India's Purchasing Managers' Index (PMI) has reported a significant uptick in the beginning of 2026, as the manufacturing and services sectors combined to push the index to a robust 59.50 in January. This marks a notable increase from 57.80 recorded in December 2025, signaling accelerating growth in these key economic sectors.

The latest data, updated on January 23, 2026, demonstrates a month-over-month comparative improvement, reflecting a strengthened economic environment for India. The higher PMI suggests that product demand in the manufacturing and services sectors continues to rise, stimulating a positive outlook for India's economy as businesses expand capacities and new orders increase.

Economists and market analysts view this indicator as a sign of optimism, given its surpassing of the 50-mark, which is generally recognized as the threshold between expansion and contraction. The increase is expected to pave the way for further business investments and employment growth, bolstering India's economic trajectory in the new year.