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India's Manufacturing Sector Soars to 7-Month High in September on Robust Demand
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News18•01-10-2026, 11:45
India's Manufacturing Sector Soars to 7-Month High in September on Robust Demand
- •India's manufacturing sector activity reached a seven-month high in September, driven by accelerating new orders and output.
- •The HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in September from 52.8 in August, indicating the strongest improvement in seven months.
- •Strong domestic and export demand, particularly from Brazil, Europe, the UAE, and the US, fueled the growth across sectors like electronics, food, pharma, and textiles.
- •Factory hiring resumed at its fastest pace since May, and business optimism reached a four-month peak, with manufacturers upgrading output forecasts.
- •Companies increased material procurement and built up inventories, with finished goods inventories seeing their second-largest increase in nearly 12 years, anticipating sustained strong demand.
Key Questions Answered
India's seasonally-adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in September, up from 52.8 in August, hitting a seven-month high.
Strong demand across electronics, food, pharmaceuticals, and textiles pushed total sales growth to its highest level since February.
The HSBC India Manufacturing PMI is compiled by S&P Global from questionnaire responses provided by a panel of around 400 purchasing managers.
