India’s combined Manufacturing & Services Purchasing Managers’ Index (PMI) inched up in January 2026, indicating a month-on-month strengthening of private-sector activity. The composite indicator rose to 58.40 from a previous reading of 57.80, both recorded for January 2026, according to data updated on 4 February 2026.
On a month-over-month basis, the latest figure suggests that growth in output, new orders, or both accelerated compared with the previous month’s pace. With both the current and prior readings comfortably above the 50-point threshold that separates expansion from contraction, the data underline continued resilience in India’s private sector heading into the new year.
The comparison framework shows that “Actual” reflects the change in January versus the preceding month, while “Previous” captures how the prior month performed relative to the month before that. Within this structure, the uptick from 57.80 to 58.40 points to marginally stronger momentum across manufacturing and services as the first quarter of 2026 begins.
