Business

India’s Manufacturing PMI Hits 10-Month High In April On Strong Demand And Export Growth

India’s manufacturing activity climbed to a 10-month high in April, with the Purchasing Manager’s Index (PMI) rising to 58.2 from 58.1 in March, according to an HSBC India survey released on Friday.

A PMI reading above 50 signals expansion, while a score below that marks contraction.

Exports & Domestic Demand Boost Growth

Survey respondents credited the growth to stronger domestic and international demand. Apart from January, new export orders in April grew at the fastest pace in over 14 years.

The survey marked this as a strong start to the 2025–26 fiscal year.

HSBC India’s Chief Economist Pranjul Bhandari noted that the rise in export orders may reflect a shift in global production to India. She linked this trend to changing trade policies and tariffs imposed by the United States.

Consumer goods firms led the growth surge, reporting the sharpest rise in new business across all sectors.

Manufacturing output growth accelerated as robust orders came in. Input costs rose slightly faster in April, but output prices jumped at their highest pace since October 2013.

This suggests companies passed on the cost burden to customers, preserving their profit margins.

Hiring also picked up. About 9 per cent of firms surveyed said they added staff, offering both permanent and temporary roles to meet output needs.

Input inflation hit a four-month high, while output inflation soared to an 11-and-a-half-year peak.

Business confidence improved as well. “Strong optimism regarding output prospects over the coming year was evident in the April data, driven by expectations of demand strength,” the report said.

Also Read: Vizhinjam Port Inaugurated After Decades-Long Struggle; Marks A New Chapter In India’s Maritime Sector

Ajaypal Choudhary

Recent Posts

AAP Leader Raghav Chadha Condemns US Ban On Harvard’s International Students

Aam Aadmi Party (AAP) leader and Rajya Sabha MP Raghav Chadha expressed strong support for…

2 hours ago

Supreme Court Criticises Kota Police Over Delay In Filing FIR In NEET Aspirant’s Suicide Case

The Supreme Court has sharply criticised the Kota Police for failing to register a First…

2 hours ago

India Reaffirms Zero Tolerance For Terrorism, Vows To Counter Nuclear Blackmail

External Affairs Minister (EAM) S Jaishankar reaffirmed India’s zero tolerance for terrorism on Friday, declaring…

3 hours ago

Dinesh Karthik Praises Virat Kohli’s Happiness After Test Retirement

Royal Challengers Bengaluru’s batting coach and mentor, Dinesh Karthik, revealed that despite shock surrounding Virat…

3 hours ago

NIA Arrests Lawrence Bishnoi’s Aide Rahul Sarkar; Busts Fake Passport Module

NIA arrested Rahul Sarkar, an aide of gangster Lawrence Bishnoi, dismantling the gang’s fake passport…

3 hours ago

Prime Minister Modi To Visit Gujarat For First Time Since Operation Sindoor

Prime Minister Narendra Modi will visit his home state of Gujarat on 26 and 27…

4 hours ago