FX.co ★ India’s HSBC Composite PMI Edges Higher in August, Signalling Steady Economic Momentum

India’s economic activity strengthened modestly in August 2026, as the HSBC Manufacturing & Services PMI inched up to 54.60 from 54.30 in July, based on the latest data updated on 21 August 2026.

The month‑on‑month rise in the composite index indicates a slight acceleration in the expansion of both manufacturing and services sectors. With the PMI remaining comfortably above the 50-point threshold that separates growth from contraction, the August reading points to continued resilience in India’s private sector.

Compared with July’s performance, when the indicator stood at 54.30, August’s 54.60 suggests that business conditions improved at a marginally faster pace. The data highlight a steady, if moderate, strengthening of economic momentum as activity across industries continues to expand on a month‑over‑month basis.