NEW DELHI: Growth momentum in the country’s manufacturing sector improved in April, with output increasing at the fastest pace since June 2024. This was driven by the fastest upturn in exports in 14 years, possibly triggered by production shift to India against the backdrop of global trade tensions.
Despite rising marginally from 58.1 in March to 58.2 in April, the HSBC India Manufacturing Purchasing Managers ‘ Index ( PMI ) showed the strongest improvement in the health of the sector in ten months. The 50-point mark separates expansion from contraction in the survey, which is compiled from responses to questionnaires sent to 400 manufacturing firms.