The Composite PMI in India declined to 56.0 points in March 2021 from 57.30 points in the previous month, signaling expansion for the seventh month running. Softer increases were recorded in the manufacturing and service sectors. Meantime, inflows of new work across the private sector rose for the seventh straight month, with the rate of growth softened. At the same time, employment declined further, marking a 13-month sequence of job shedding. On the price front, input prices inflation eased slightly. As a result, companies increased their average charges marginally. source: Markit Economics
Composite PMI in India averaged 50.82 points from 2013 until 2021, reaching an all time high of 58 points in October of 2020 and a record low of 7.20 points in April of 2020. This page provides - India Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. India Composite PMI - values, historical data and charts - was last updated on April of 2021.
Composite PMI in India is expected to be 53.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in India to stand at 53.00 in 12 months time. In the long-term, the India Composite PMI is projected to trend around 51.10 points in 2022 and 51.50 points in 2023, according to our econometric models.