Archive · 3 Jan 2026
India's Manufacturing PMI Dips to 2-Year Low
India's manufacturing activity slowed down in December 2025.
The PMI, which measures the health of the manufacturing sector, fell to 55 from 56.6 in November.
This is the lowest it has been in two years, but it still shows that the sector is growing, just not as fast.
Companies are getting fewer orders from other countries, and they are being more careful about hiring people and buying supplies.
Prices for raw materials went up a little, but overall inflation is low.
Manufacturers are hopeful about next year, but they are worried about competition and uncertainty in the market.
India's manufacturing PMI fell to 55 in December, the lowest in two years.
Despite the slowdown, manufacturing activity remains in expansion territory.
New business intakes rose sharply, but export orders softened further.
Employment growth and purchasing activity slowed to their weakest paces in months.
Input prices edged up, but overall inflation remained low.
- Who
- India's manufacturing sector
- What
- Slowest improvement in sector health in two years
- When
- December 2025
- Where
- India
- Why
- Softer demand conditions and cautious production strategies
- PMI Value
- 55
- Previous PMI Value
- 56.6
- New Business Intakes
- Sharp rise
- Export Orders Growth
- Softened further
- Employment Growth
- Slowest pace in 22 months
- Input Prices
- Edged up
- Output Price Inflation
- Nine-month low