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India’s manufacturing sector hit a 10-month high in April 2025, despite the HSBC India Manufacturing Purchasing Managers’ Index (PMI) only rising slightly to 58.2 from 58.1 in March, according to data compiled by S&P Global on Friday.
The seasonally adjusted index signalled the strongest improvement in the sector’s health since June 2024, driven by faster growth in employment, production, and stocks of purchases.
This follows a dip to a 14-month low of 56.3 in February, when output, new orders, and input purchasing had slowed.
New orders, especially from overseas, rose sharply. International demand grew at the second-fastest rate in over 14 years, with businesses from Africa, Asia, Europe, West Asia, and the Americas placing more orders for Indian goods, the HSBC survey noted.
Factories increased production at the fastest pace since June 2024, with consumer goods leading this growth.
About 9 per cent of surveyed manufacturers hired more workers, both permanent and temporary, to meet rising demand. Companies increased their buying activity and built up inventories to keep up with future demand.
The April data showed strong optimism about future output, driven by expectations of higher demand. Companies were also more confident due to better marketing, improved efficiency, and more new customer enquiries.
India’s Services PMI and composite PMI data will be released on Monday, May 6.
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