India: Purchasing Managers Index (PMI), composite
* indicates monthly or quarterly data series
The most recent value is 59.3 index points as of September 2024, a decline compared to the previous value of 60.7 index points. Historically, the average for India from July 2017 to September 2024 is 53.74 index points. The minimum of 7.2 index points was recorded in April 2020, while the maximum of 61.9 index points was reached in July 2023.
Click on the following link to see the values of: Purchasing Managers Index (PMI), composite around the world.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Markit Economics
| Recent values | India: Purchasing Managers Index (PMI), composite |
|---|---|
| 2024 Sep | 59.3 |
| 2024 Aug | 60.7 |
| 2024 Jul | 60.7 |
| 2024 Jun | 60.9 |
| 2024 May | 60.5 |
| 2024 Apr | 61.5 |
| 2024 Mar | 61.8 |
| 2024 Feb | 60.6 |
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Definition: The composite Purchasing Managers’ Index (PMI) is an indicator of economic health for manufacturing and service sectors. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) at over 400 companies.
The composite PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 4.80 | 7/2024 | percent |
| House price index | 330.87 | Q1/2024 | index points |
| Real residential property prices Y-on-Y change | -0.88 | Q1/2024 | percent |
| Business confidence survey | 114.97 | Q3/2024 | points |
| Consumer confidence survey | 7.30 | Q3/2024 | points |
| Purchasing Managers Index (PMI), composite | 59.30 | 9/2024 | index points |
| Purchasing Managers Index (PMI), manufacturing | 56.70 | 9/2024 | index points |
| Purchasing Managers Index (PMI), services | 58.90 | 9/2024 | index points |