India’s HSBC Composite PMI fell to 57.4 in June 2026 from a final 59.3 in the prior month, flash data showed. It was the lowest reading since March as growth slowed across both the manufacturing and services sectors. New orders expanded the least in three months while overseas demand remained resilient despite growing at its slowest rate in 21 months. Employment continued to rise, though its rate of increase was the weakest in the current six-month expansion, leaving backlogs of work broadly unchanged. On the price front, input costs rose further, due to higher material prices, but overall cost inflation eased for a third straight month to its lowest since January. Meanwhile, firms raised selling prices at the slowest pace in six months, reflecting cautious pricing amid softer demand and intense competition. Looking ahead, confidence weakened to its lowest level since January and remained below the long-run average, signaling a more cautious outlook for activity in the months ahead. source: S&P Global

Composite PMI in India decreased to 57.40 points in June from 59.30 points in May of 2026. Composite PMI in India averaged 53.92 points from 2013 until 2026, reaching an all time high of 63.20 points in August of 2025 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.

Composite PMI in India decreased to 57.40 points in June from 59.30 points in May of 2026. Composite PMI in India is expected to be 58.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Composite PMI is projected to trend around 55.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 118.80 126.30 points Mar 2026
Capacity Utilization 75.60 74.30 percent Mar 2026
Car Production 2927711.00 2922427.00 Units May 2026
Car Sales 438854.00 437312.00 Units May 2026
Changes in Inventories 1095.44 1103.92 INR Billion Mar 2026
Composite Leading Indicator 102.10 101.92 points May 2026
Corruption Index 39.00 38.00 Points Dec 2025
Corruption Rank 91.00 96.00 Dec 2025
Deposit Growth YoY 12.20 12.20 percent May 2026
Electricity Production 142996.07 137001.32 Gigawatt-hour May 2026
Industrial Production YoY 4.90 3.20 percent Apr 2026
Industrial Production Mom -9.00 9.50 percent Apr 2026
Manufacturing Production YoY 6.20 3.90 percent Apr 2026
Mining Production -5.10 -2.50 percent Apr 2026
Steel Production 14100.00 13800.00 Thousand Tonnes May 2026
Passenger Vehicle Sales 379764.00 378312.00 Units May 2026


India Composite PMI
In India, the HSBC India Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index and tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
India Composite PMI Eases to 3-Month Low
India’s HSBC Composite PMI fell to 57.4 in June 2026 from a final 59.3 in the prior month, flash data showed. It was the lowest reading since March as growth slowed across both the manufacturing and services sectors. New orders expanded the least in three months while overseas demand remained resilient despite growing at its slowest rate in 21 months. Employment continued to rise, though its rate of increase was the weakest in the current six-month expansion, leaving backlogs of work broadly unchanged. On the price front, input costs rose further, due to higher material prices, but overall cost inflation eased for a third straight month to its lowest since January. Meanwhile, firms raised selling prices at the slowest pace in six months, reflecting cautious pricing amid softer demand and intense competition. Looking ahead, confidence weakened to its lowest level since January and remained below the long-run average, signaling a more cautious outlook for activity in the months ahead.
2026-06-23
India Composite PMI Revised Higher
India’s HSBC Composite PMI rose to 59.3 in May 2026, surpassing the preliminary estimate of 58.1 and reaching its highest level since November. The reading also improved from 58.2 in April, pointing to a stronger expansion in private-sector activity. Growth accelerated across both manufacturing and services, supported by robust demand and sustained business momentum. Total new orders increased at the fastest pace in six months, highlighting solid underlying economic activity. At the same time, inflationary pressures showed signs of easing. Charge inflation slowed, with aggregate selling prices rising at the weakest rate since January and broadly in line with the long-run average. Input cost inflation also moderated, although it remained above both output price inflation and its historical trend.
2026-06-03
India Composite PMI Holds Near April Level in May
India’s HSBC Composite PMI stood at 58.1 in May 2026, little changed from a final 58.2 in the prior month, flash data showed. Services growth strengthened but was offset by softer factory output, which rose at its second-slowest pace since mid-2022. Gains in new orders, exports, and employment all eased amid fallout from the Middle East conflict, while backlogs slipped marginally below the neutral 50 mark, signaling limited capacity pressures. Firms nevertheless continued hiring. On inflation, input costs accelerated to their second-highest level in nearly three years, driven by higher energy, raw material, and transport costs. Output price inflation, however, cooled to its weakest since January and remained well below input cost growth. Lastly, business confidence stayed positive and above its long-run average, though it fell to a three-month low.
2026-05-21