India Private Sector Activity Accelerates as January PMI Exceeds Expectations
India private sector activity accelerated in January with the composite PMI reaching 59.5. This rebound follows momentum loss at the end of 2025.
Insights:
Private sector activity in India 
INdemonstrated a significant acceleration in January 2026 as the HSBC flash India Composite Purchasing Managers Index (PMI) climbed to 59.5 from 57.8 in December. This reading exceeded the Reuters poll median expectation of 58.0 and represents a sharp rebound after the private sector lost momentum at the end of 2025. A PMI reading above 50.0 indicates growth in the sector while a reading below that threshold signals contraction.
INdemonstrated a significant acceleration in January 2026 as the HSBC flash India Composite Purchasing Managers Index (PMI) climbed to 59.5 from 57.8 in December. This reading exceeded the Reuters poll median expectation of 58.0 and represents a sharp rebound after the private sector lost momentum at the end of 2025. A PMI reading above 50.0 indicates growth in the sector while a reading below that threshold signals contraction.
