India's Purchasing Managers' Index (PMI) is projected to hold firm in the 57-59 range for fiscal year 2027, signaling sustained expansion in private sector activity despite a diverging outlook between services and manufacturing.
The forecast, reported by Hindu Businessline, highlights the continued strength of the services sector, particularly in information technology and healthcare, which are acting as primary growth drivers for the economy.
In contrast, the manufacturing recovery remains cautious.
The report indicates that sectors such as automobiles, metals, and construction materials are likely to see their recovery trajectories depend heavily on the easing of input costs.
This divergence underscores a broader theme in India's economic data, where services-led growth often masks underlying pressures in the industrial base.
The steady PMI projection comes against a backdrop of mixed global private sector activity.