FX.co ★ India's Manufacturing & Services PMI Experiences Slight Dip in October

India's economic engine showed signs of a slight cooling in October 2025 as the Manufacturing & Services Purchasing Managers' Index (PMI) dipped to 59.90 from a robust 61.00 in September. The updated data was released on October 24, 2025, and reflects a month-over-month change indicating a reduction in momentum for the sector.

Despite the decline, India's PMI still remains comfortably in expansion territory, hinting at sustained growth, albeit at a slightly reduced pace. In September, the PMI reached an impressive 61.00, driven by heightened activity across various economic sectors. October's figures suggest a moderation, which could be part of a natural cyclical adjustment or a response to underlying economic factors such as demand fluctuations or supply chain constraints.

The PMI is considered a vital indicator of economic health, as a reading above 50 generally signals expansion, while below 50 indicates contraction. Although October's figures show a deceleration, the overall economic trajectory still points towards positive growth, keeping stakeholders hopeful about India's economic resilience and future outlook.