India PMI March 2022

India: Private-sector PMI increases in March

The composite Purchasing Managers’ Index (PMI) produced by S&P Global increased to 54.3 in March from 53.5 in February. Consequently, the PMI moved further above to the 50-threshold, indicating a slightly quicker expansion in business activity from the previous month.

The services PMI rose to 53.6 in March from 51.8 in February, due to stronger growth in new orders and output, partly due to more relaxed Covid-19 restrictions. Moreover, on the manufacturing side, the PMI increased from 54.9 in February to 54.0 in March, due to slightly softer expansions in output and new orders.

Commenting on the latest PMI data, Pollyanna De Lima, economics associate director at S&P Global, said:

“Inflation risks continued to curb business optimism regarding growth prospects, with sentiment among

services companies remaining subdued by historical standards. This lack of confidence in the outlook also

meant that employment continued to fall in March.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest