India’s manufacturing sector showed stronger momentum in September, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 55.1, up from the previous reading of 52.8. Both readings refer to September 2026, with the latest data update released on 1 October 2026.
The increase in the PMI, a key gauge of manufacturing activity, signals a faster pace of expansion in India’s factory output compared with the earlier reported level. A reading above 50 indicates growth, and the move from 52.8 to 55.1 suggests a more robust improvement in operating conditions within the manufacturing sector.
The stronger PMI reading points to improving business conditions for Indian manufacturers as of late September 2026, potentially reflecting firmer demand and increased production. The updated data will be closely watched by investors and policymakers assessing the resilience and trajectory of India’s industrial economy.