India Services PMI - Forecast

Services PMI in India is expected to be 52.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in India to stand at 50.40 in 12 months time. In the long-term, the India Services PMI is projected to trend around 51.90 Index Points in 2020, according to our econometric models.


India Services PMI
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India Business Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 59.7 55.9 56.5 57 59.41 59
Manufacturing PMI 51.6 51.5 51.8 52.1 51.9 51.2
Services PMI 51.4 52 51 52.1 50.4 51.9
Industrial Production 4.4 3.8 3.7 4.1 4.8 6.5
Industrial Production Mom 9 1 0.82 0.72 0.64 0.87
Manufacturing Production 4.4 3.4 2.24 4.1 6.2 5.6
Changes in Inventories 229 229 230 229 230 230
Car Production 248696 241597 247931 240494 243959 243687
Car Registrations 256459 239127 239266 237966 237270 227671
Internet Speed 6492 10305 11003 11681 12339 18445
IP Addresses 9378846 9490098 9484147 9485862 9489341 9490569
Mining Production 2.8 1.9 2.5 2.8 2.3 2.1
Steel Production 9227 8694 8623 8673 8686 8673
Cement Production 28473 24103 25425 22460 24690 23791
Competitiveness Index 4.59 4.61 4.61 4.61 4.55 5.51
Competitiveness Rank 40 44 44 44 39 51
Composite Pmi 51.9 51.4 51.5 53 51.46 51.6
Corruption Index 40 40 40 40 40 42
Corruption Rank 81 81 81 74 81 72
Ease of Doing Business 100 128 128 128 100 126