India’s Manufacturing PMI Hits 17-Year High in August 2025, Led by Intermediate Goods and Domestic Demand Surge
India’s manufacturing sector delivered a record-breaking performance in August 2025, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbing to 59.3—its highest level in 17-and-a-half years. The PMI reading, compiled by S&P Global, signals the fastest improvement in operating conditions since February 2008, driven by robust domestic demand, production efficiency, and renewed business confidence….