AI Data Insight
India's Q3 2026 (July) Manufacturing PMI dropped to 53.5, slipping significantly from 54.2 in the previous quarter and coming in below the market expectation of 53.9, marking a new expansion low since August 2021. Although domestic new orders and employment growth have cooled significantly, strong export demand and easing input cost inflation continued to support the overall manufacturing sector, keeping it firmly above the 50 threshold.