Current context: India’s manufacturing activity saw significant growth in March 2025, with the Seasonally Adjusted Purchasing Managers’ Index (PMI) climbing to 58.1, the highest in eight months.

Key Facts

• March 2025 Update: India’s Manufacturing PMI rose to 58.1 (highest in 8 months) from 56.3 in February, driven by new orders (index at 61.5).
• Definition: PMI measures economic activity in manufacturing, services, and overall business through monthly surveys.
• Compiled by: S&P Global, Hongkong and Shanghai Banking Corporation(HSBC), and others.
• Index Scale:

1. Above 50 → Expansion in production.
2. Below 50 → Contraction in production.