The Composite PMI in India declined to 43.1 points in June 2021 from 48.1 points in the previous month. This was the lowest reading since last July, pointing to a second successive monthly decline in business activity, as market conditions remained challenging due to the escalation of the pandemic. Decreases were recorded in the manufacturing, and was the first time in 11 months and there was a quicker contraction in services activity. Meanwhile, aggregate new orders fell for the second straight month, and the pace of contraction was sharp and the fastest since July 2020 as a faster decline in the service sector was accompanied by a renewed drop at goods producers. At the same time, employment dropped further, marking a 16-month sequence of job shedding, with the rate of reduction was modest, but the fastest since last October. On the price front, input prices inflation little-changed. As a result, selling prices rose marginally. source: Markit Economics
Composite PMI in India averaged 50.82 points from 2013 until 2021, reaching an all time high of 58 points in October of 2020 and a record low of 7.20 points in April of 2020. This page provides - India Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. India Composite PMI - values, historical data and charts - was last updated on August of 2021.
Composite PMI in India is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in India to stand at 52.00 in 12 months time. In the long-term, the India Composite PMI is projected to trend around 51.10 points in 2022 and 51.50 points in 2023, according to our econometric models.