The HSBC India Manufacturing PMI rose to 59.8 in August 2025 from a final reading of 59.1 in July, surpassing market forecasts of 59.1, preliminary estimates showed. This marked the highest level since January 2008, driven by a sharp rise in new orders amid strong domestic demand. Meanwhile, growth in new export orders remained unchanged from July’s levels. Employment declined slightly, though only fractionally. On the price front, selling prices increased, supported by strong demand. Looking ahead, business sentiment improved, underpinned by a positive demand outlook.