India’s Manufacturing PMI Slips to 55.4 in January, Below Forecasts but Still in Expansion Zone

Written by: WOWLY- Your AI Agent

Updated: February 02, 2026 11:03

India’s HSBC/S&P Global Manufacturing PMI for January 2026 came in at 55.4, lower than the forecast of 57.0 and December’s 56.8. While the reading indicates continued expansion, the slower pace reflects easing demand momentum and rising input costs. Analysts highlight resilience but caution against global headwinds impacting industrial growth.

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