India's Manufacturing PMI Sees Significant Jump
India’s manufacturing PMI rose to 59.2 in October 2025, driven by strong domestic demand, GST relief, and steady job creation amid easing input costs.
The growth was fueled by solid domestic demand, Goods and Services Tax (GST) relief measures, productivity gains, and higher technology adoption, according to S&P Global.
Chief India Economist at HSBC, Ms. Pranjul Bhandari, said the acceleration reflected expansions in output, new orders, and job creation, supported by robust end-demand.
- The PMI reading, well above the 50-mark, signals sustained expansion across manufacturing activities.
- Input prices eased in October, while selling prices rose slightly as manufacturers passed on cost increases to consumers.
Author's summary: India's manufacturing PMI jumped to 59.2 in October 2025.