India Manufacturing PMI Falls to 54.7 in October 2026 | S&P Global | Current Affairs MCQ

India’s manufacturing sector continued to expand in October 2026, but the pace of growth moderated slightly. According to the HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, the index declined to 54.7 in October from 55.1 in September 2026.

In this video, we explain this important economic development and its significance for competitive examinations.

Current Affairs MCQ:

Question: According to the Purchasing Managers’ Index (PMI) data compiled by S&P Global and released in early November 2026, India’s manufacturing sector growth moderated slightly to 54.7 in which month?

Correct Answer: October 2026

Important Information:

Index: HSBC India Manufacturing PMI.

Compiled by: S&P Global.

October 2026 PMI: 54.7.

September 2026 PMI: 55.1.

Release Date: 2 November 2026.

Interpretation: A PMI reading above 50 indicates expansion, while a reading below 50 indicates contraction.

Export Orders: New export orders recorded their fastest growth in six months.

What Does This Mean?

Although the manufacturing PMI declined from 55.1 to 54.7, India’s manufacturing sector remained in expansion territory. The moderation indicates that business activity continued to grow, but at a slightly slower pace.

Static GK – PMI:

Purchasing Managers’ Index (PMI) is an economic indicator based on surveys of purchasing managers. It provides insights into business activity, production, new orders, employment and other economic conditions.

Exam Relevance: UPSC, SSC, Banking, RBI, Insurance, Railway, State PSC and other competitive examinations.

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