2026.06.0305:00:00UTC+00India’s HSBC Composite PMI Climbs to 59.3 in May, Signaling Stronger Private-Sector Growth

India’s private sector activity strengthened in May, with the HSBC Manufacturing & Services PMI rising to 59.30 from a previous reading of 58.20, on a month-over-month comparison basis. The latest data, updated on 3 June 2026, underline an acceleration in overall economic momentum across both manufacturing and services.

The month-on-month improvement suggests that business conditions continued to improve at a faster pace than in the prior period, when the PMI had already stood at a robust 58.20. A reading above 50 indicates expansion, so the move further into expansionary territory points to broad-based resilience in India’s private sector.

With both manufacturing and services contributing to the composite index, the higher May print underscores sustained demand and operational activity in the economy during the period. The back-to-back strong readings for May 2026 highlight ongoing growth dynamics compared with the preceding month, reinforcing India’s position as one of the more robust performers in the global emerging-market landscape during this timeframe.