India Sees Faster Job Growth as PMI Hits 58.7

The Purchasing Managers Index (PMI) has risen to 58.7 for the April month of 2025. In the previous month, the recorded PMI was 58.5. The reading above 50 signals sector expansion, below 50 indicates sector contraction and 50 reflects no change in the sector.

This increase is the result of the new order inflows, which have facilitated faster employment opportunities.  Pranjul Bhandari, Chief India Economist at HSBC stated, "New export orders gained momentum after taking a breather in March, accelerating at its fastest pace since July 2024. Margins improved as cost pressures eased and prices charged rose at a faster pace. Though firms remained optimistic about future growth, their confidence waned slightly."

The pace of job employment has been faster compared to March. This has made the Indian companies increase their workforce numbers for the thirty-fifth consecutive month in April. But even with more employees, the companies have reported an increase in unfinished work.

New business sector volume has also increased over the past eight months. The aggregate output has seen a growth of 59.7 in April, compared to 59.5 in March. The report also suggests that manufacturing firms and their counterpart's services have registered faster expansion of new export orders. At the composite level, this rate of growth is at a nine-month high.