India's PMI Soars to 59.3 in February, Manufacturing Boom Fuels Private Sector Expansion
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India's PMI Jumps to 59.3 in February, Manufacturing Surge Boosts Private Sector Growth
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Firstpost•20-02-2026, 11:17
India's PMI Jumps to 59.3 in February, Manufacturing Surge Boosts Private Sector Growth
•India's Composite PMI rose to 59.3 in February, up from 58.4 in January, marking a three-month high.
•The expansion was driven by robust growth in new orders, with manufacturing activity leading the acceleration.
•Manufacturing PMI climbed to 57.5, indicating stronger factory output and sales, reaching a four-month high.
•Services activity remained broadly steady at 58.4, with new business growth easing but export demand outperforming manufacturers.
•Improved sales led to faster hiring and increased business confidence, but inflationary pressures intensified with input costs rising at their fastest in 15 months.
