India’s Composite PMI just hit 61.0 in June—the highest it’s been in 14 months. That’s a strong signal the country’s economic engine is running hot and smooth.
The HSBC Flash India Composite Output Index measures the combined output of manufacturing and services. Rising from 59.3 in May to 61.0 in June, this surge shows a solid and sharp increase in business activity—well above the long-run average.
Demand Is Up, Exports Are Booming
Indian companies are riding high on demand. Both domestic orders and international sales jumped, pushing firms to boost output. Export orders grew at the fastest pace since data started in 2014. That’s no small deal.
What’s behind this momentum? Stronger global demand, improved efficiencies, and investments in tech are driving it. India’s making things faster—and selling them smarter.
Manufacturing Leads, Services Catch Up
Manufacturing PMI climbed to 58.4 in June from 57.6 in May. That’s the best reading since April 2024. But it’s not just factories—India’s massive service sector is also picking up pace. Growth there hit a 10-month high.
Firms across sectors are seeing more orders than they can immediately handle. With backlogs piling up, businesses have been actively hiring to meet demand. That’s a healthy sign for job seekers.
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Inflation Cools, Optimism Heats Up
While prices of goods and services still rose in June, the rate of increase slowed down compared to May. Input cost inflation hit a 10-month low. That’s good news for both businesses and consumers.
And it’s not just about the now. Indian businesses are feeling confident about the year ahead. The outlook is strong—and the data backs it.
Why This Matters
India’s economic performance is more than a number. A 61.0 Composite PMI reflects real progress—more jobs, higher exports, and expanding industries. While global economies struggle with slowdowns, India is pushing forward.
It’s not just resilience—it’s a reset.
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