India’s manufacturing PMI remained steady in February

02 Mar 2021 Editorial Team

Activity scale across India's manufacturing sector remained steady despite cost inflation pressures, according to the IHS Markit PMI.

The IHS Markit India Manufacturing PMI stood at 57.5 in February compared to 57.7 in January, according to a media statement. A reading above 50 indicates economic expansion.

The statement said that better demand conditions and successful marketing campaigns facilitated a further increase in new orders during February. Although easing from January, the pace of growth remained sharp in the context of historical data.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Production increased again in February, and the pace was among the quickest in nine years. Input inventories rose at the strongest pace in the survey's history as firms reacted to rising production needs by lifting purchasing activity.

Demand continued to be domestic led, as the Covid-19 pandemic restricted international demand for Indian goods. Robust domestic demand for inputs prompted suppliers to hike fees with the overall cost inflation rate at a 32 month high. Although factory-gate charges rose in February, the inflation rate was modest and eased from the 13 month high in January. The backlog of work increased at the quickest pace in three months.

The survey conducted in January showed an intensification of cost pressures, with purchase price inflation reaching a 28 month high. Favourable demand scenarios enabled firms to pass on some of this cost burden in the form of higher factory gates charges, which increased at the quickest pace in over a year.

Payroll numbers fell for the eleventh month in a row, the statement said, citing the government guidelines to contain the Covid-19 spread by implementing work in shifts.

Growth projections remained optimistic for the future, with an improvement in economic conditions and lifting of restrictions as the vaccination programme expands.

Image Source

Also read: GDP growth in Q3 shows V-shaped growth

Also read: How NIP is resetting priorities for economic revival

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

According to IHS Markit Manufacturing Purchasing Managers' Index (PMI), the Indian manufacturing industry witnessed a strong start to 2021. In response to faster expansions in total sales and new export orders, companies scaled up production at the quickest pace in three months. Activity scale across India's manufacturing sector remained steady despite cost inflation pressures, according to the IHS Markit PMI. The IHS Markit India Manufacturing PMI stood at 57.5 in February compared to 57.7 in January, according to a media statement. A reading above 50 indicates economic expansion. The statement said that better demand conditions and successful marketing campaigns facilitated a further increase in new orders during February. Although easing from January, the pace of growth remained sharp in the context of historical data.4th Indian Cement Review Conference 202117-18 March Click for event info Production increased again in February, and the pace was among the quickest in nine years. Input inventories rose at the strongest pace in the survey's history as firms reacted to rising production needs by lifting purchasing activity. Demand continued to be domestic led, as the Covid-19 pandemic restricted international demand for Indian goods. Robust domestic demand for inputs prompted suppliers to hike fees with the overall cost inflation rate at a 32 month high. Although factory-gate charges rose in February, the inflation rate was modest and eased from the 13 month high in January. The backlog of work increased at the quickest pace in three months. The survey conducted in January showed an intensification of cost pressures, with purchase price inflation reaching a 28 month high. Favourable demand scenarios enabled firms to pass on some of this cost burden in the form of higher factory gates charges, which increased at the quickest pace in over a year. Payroll numbers fell for the eleventh month in a row, the statement said, citing the government guidelines to contain the Covid-19 spread by implementing work in shifts. Growth projections remained optimistic for the future, with an improvement in economic conditions and lifting of restrictions as the vaccination programme expands. Image Source Also read: GDP growth in Q3 shows V-shaped growth Also read: How NIP is resetting priorities for economic revival

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..