Manufacturing momentum accelerates in India as survey signals stronger factory expansion

Fresh economic survey readings show India’s Manufacturing PMI rising sharply to 59.2 in October, indicating expansion strength outpacing several major global markets. Economists state that sustained volume increases, stronger supplier delivery efficiency, and continued order book growth driven by festive demand are primary contributors to the index climb. In addition, GST revenue collections remained above ₹1.8 lakh crore for the tenth month consecutively, reflecting resilience in India’s consumption engine despite uneven global macro sentiment. Analysts believe this combination of strong purchasing managers confidence and consistent tax receipts strengthens India’s economic visibility heading into FY26 pre-budget positioning.

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