India manufacturing PMI hits 8-month high in July on new orders.

August 1, 2022

According to, a monthly survey, India’s manufacturing sector activity gained momentum in July, hitting an eight-month high driven by a significant uptick in business orders.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index rose from 53.9 in June, to 56.4 in July, highlighting the strongest improvement in the health of the sector in eight months.
The July PMI data pointed to an improvement in overall operating conditions for the 13th straight month. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.
According to Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence, the Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July.