Page 35 - FIPI - Policy & Economic Report May 2026
P. 35
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
The manufacturing industries covered by the S&P Global for calculating PMI are given in table below: -
Source: S&P
Services PMI
The Services Purchasing Managers Index (PMI) for India, available on a monthly basis, reflects the private
sector activity in services mainly financial services, consumer services, and all other business services. An
index value above 50 indicates that the service sector is generally expanding. The higher the number
(above 50), the stronger the expansion. Conversely, a value below 50 suggests a contraction in the service
sector. The lower the number (below 50), the greater the degree of contraction.
May 2026 Page | 34
