Abstract

This study analyses the monthly movement of India’s Manufacturing Purchasing Managers’ Index (PMI) from January 2024 to January 2025. The data shows that PMI remained above the neutral value of 50 in all thirteen months, which indicates steady and uninterrupted expansion in the manufacturing sector. The highest value was recorded in March 2024, while the lowest was seen in December 2024. The trend remained stable with limited fluctuations, suggesting that the sector responded positively to key industrial policies such as Make in India and the Production-Linked Incentive (PLI) scheme. The study uses a descriptive approach with secondary data and visual tools to track these trends and interpret them in the context of broader economic signals. The findings confirm that PMI serves as a useful real-time indicator of business sentiment, helping both policymakers and industry leaders make informed decisions. The results also support the idea that PMI can offer early signals of recovery or slowdown, making it a reliable tool for short-term economic planning.