FX.co ★ India’s Manufacturing Momentum Strengthens as HSBC PMI Rises to 56.9 in February

India’s manufacturing sector showed stronger expansion in February, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbing to 56.9. The indicator was previously recorded at 55.4, also in February 2026, underscoring a notable improvement in operating conditions for manufacturers.

A PMI reading above 50 signals expansion in the sector, and the move from 55.4 to 56.9 points to a faster pace of growth. The latest data, updated on 2 March 2026, indicate that India’s factories continued to experience rising activity, reinforcing the sector’s role as a key driver of the country’s economic performance.

While the PMI remains firmly in expansionary territory, the pickup in February suggests that demand conditions and production levels have become more robust compared with the earlier reading, hinting at improving confidence across India’s manufacturing landscape.