01.12.202505:00:00UTC+00India's Manufacturing Momentum Eases as PMI Declines in November

India’s manufacturing sector expansion showed signs of slowing down this November as the S&P Global Manufacturing Purchasing Managers’ Index (PMI) dipped to 56.6, down from 59.2 in the previous month. The decline indicates a softening in the pace of growth, though the sector remains in expansion territory, with a PMI reading above 50.

The updated data, released on December 1, 2025, reflects ongoing challenges within the global and domestic markets that potentially affected production capacity and output. Analysts are closely monitoring these figures, as the dip may suggest manufacturing sectors are adjusting to changes in domestic demand or external market pressures. Despite the slowdown, India’s manufacturing industry still demonstrates resilience, fueled by a strong base and continued government support.

This development in the PMI, still well above the neutral 50 mark, underscores the relative strength of India's manufacturing activity compared to many global counterparts. The coming months will be crucial in determining if this moderation in growth is a temporary blip or indicative of a broader trend. Economists and investors alike will be watching closely for subsequent data to gauge the health and trajectory of India's manufacturing sector.