India’s composite PMI rises to 61.2 in October as activity broadens

India’s flash composite PMI climbed to 61.2 in October, up from 60.8 in September, driven by stronger services (60.7) and manufacturing (58.3) readings. The rise reflects resilient domestic demand, record foreign-exchange reserves of about US$697.8 billion and robust corporate earnings momentum. Analysts say sectors like IT and infrastructure continue to lead while export growth remains muted due to global headwinds. The improvement reinforces India’s growth narrative and may influence monetary-policy expectations ahead of key inflation prints and trade-deal developments.