India’s manufacturing sector posted its strongest growth in 10 months in April, driven by strong demand and higher orders from domestic and international markets.
The HSBC India Manufacturing PMI rose to 58.2, reflecting a sharp improvement in business conditions and the fastest growth in factory output since June 2024.
International orders increased significantly, with demand rising from Africa, Asia, Europe, the Middle East, and the Americas.
Manufacturers added more staff, with 9% of firms hiring, marking historically strong job creation.
Rising demand allowed manufacturers to raise selling prices at the highest rate since October 2013 despite moderate input cost inflation.
Stocks of purchases grew rapidly, while post-production inventories fell, indicating goods were moving quickly to market.
Manufacturers are optimistic for the future, citing stronger marketing, operational efficiency, and rising inquiries from new clients.
Got Stocks-Related Questions? The Analyst is Ready.
Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!
