India's manufacturing sector activity growth falls to 5-year low in July amid challenging market condition: PMI
India's manufacturing sector activity growth slipped to a five-year low in July 2026, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI). The PMI gauges overall factory conditions using measures of new orders, output, employment, supplier delivery times and stocks of purchases.
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A widely-tracked survey-based indicator turning weak — know what the PMI measures and the July low.
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- HSBC India Manufacturing PMI fell to a five-year low in July 2026.
- PMI is derived from new orders, output, employment, delivery times and stocks.
- It is a gauge of overall manufacturing conditions.
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