Mumbai, June 15 -- India's PMI has shown strong resilience despite the winds of war in West Asia and rising energy input prices, according to an analysis conducted by Associated Chambers of Commerce and Industry of India (ASSOCHAM) Global Research, the research arm of ASSOCHAM. The PMI for India in May stands at 59.3, significantly higher than in all the major top 10 economies, with China at 54, the US at 51.5, Japan at 51.1 and Italy at 50.4. From January to May 2026, India's PMI maintained a steady expansion despite global economic turbulence.

India's PMI performance since the West Asia conflict began in February 2026 has shown a steady trajectory. The PMI rose to 59.3 in May 2026, compared with 58.9 in February 2026. No other country ...