In April, the strongest pace in 10 months was recorded for India's manufacturing sector growth, driven by robust export demand and increased output, despite selling prices being raised by companies at the fastest rate in over 11 years.
Activity expansion is indicated by PMI numbers above 50.0, whilst contraction is indicated by readings below that threshold. “The notable increase in new export orders in April may indicate a potential shift in production to India, as businesses adapt to the evolving trade landscape and U.S tariffs announcements" said Pranjul Bhandari, Chief India economist at HSBC.
Manufacturing output was expanded at the sharpest rate since june 2024, with the fastest increase among the surveyed sectors being registered by consumer goods makers. Growth was kept near the eight-month high set in March, while new orders stayed strong. The hiring process will boost from March month, with both permanent and temporary contracts being offered. After january's spike, export orders expanded at the second-fastest rate in more than 14 years. Increased sales to clients worldwide were noted by survey participants."Input prices increased slightly faster, but the impact on margins could be more than offset by the much-faster rise in output prices," Bhandari added.
Business confidence was remained historically high, with higher output being forecasted by over 30% of manufacturers in the year ahead.
We use cookies to ensure you get the best experience on our website. Read more...
