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India’s manufacturing PMI jumps to 59.2 in October as new orders accelerate
India’s manufacturing PMI reached 59.
In early November 2025, India’s manufacturing Purchasing Managers’ Index (PMI) rose to 59.2 in October from 57.7 in September, reflecting robust expansion in output, new orders and employment. Firms cited improved domestic demand, stable input supply and government support for GST‑led investment. However, input‐cost inflation remained elevated, and export order growth lagged domestic expansion.
Economists suggest the strong PMI supports capex optimism but caution external demand and commodity risk may temper growth ahead.