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India’s manufacturing sector strengthened in May, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) edging up to 55.0, compared with 54.3 previously. The latest reading, updated on 01 June 2026, signals a firmer expansion in factory activity.
A PMI above 50 indicates growth in the manufacturing economy, and the move from 54.3 to 55.0 suggests that operating conditions improved at a slightly faster pace in May 2026. This acceleration points to a more robust manufacturing environment, which is often associated with firmer demand and increased production.
With the PMI firmly in expansionary territory, the May data underline continued resilience in India’s manufacturing sector, an important pillar for broader economic performance and investor sentiment.