Manufacturing Gains Momentum as India's Services Activity Moderates to 58.1 in February

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India: Services Activity Eases to 58.1 in Feb, Manufacturing Gathers Pace

PMI for February

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Moneycontrol•04-03-2026, 10:36

India: Services Activity Eases to 58.1 in Feb, Manufacturing Gathers Pace

•India's services Purchasing Managers’ Index (PMI) eased to a two-month low of 58.1 in February from 58.5 in January.
•Manufacturing PMI climbed to a four-month high of 56.9 in February, indicating stronger production momentum.
•Despite slight moderation in services, both sectors remain in expansion territory (above 50 mark).
•Official data shows services output grew 9.5% in Oct-Dec quarter; manufacturing expanded 13.3% in Q3.
•India's economy grew 7.8% in Q3, with a 7.6% expansion projected for the full fiscal year.

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