India’s manufacturing sector growth: This is good news for India on the domestic front of global uncertainty. In the month of April, the growth rate in India’s manufacturing sector has reached the highest level in the last 10 months. This is the highest increase in production after last year i.e. June 2024. During a monthly survey, its information was given on Friday.

In April, the seasonally adjusted ‘HSBC India Manufacturing Purchase Manager Index’ (PMI) increased to 58.2, which was 58.1 in March a month earlier. If the score under PMI remains above 50, then it is believed that the production has expanded, while the production is considered to decline if it remains below it.

Increased production

The recent improvement in production was seen due to the increase in new audience. Both domestic and international demands have helped in the growth of manufacturing sector. If the survey is to be believed, then the total sales have increased due to the increase in international demands. In response to the questions asked in this survey, the participants said that the highest increase in the new business from abroad has been seen in the beginning of 2025-26 in the last 14 years.

HSBC Chief Economist Pranjul Bhandari says that the new export order has seen growth in the month of April which is pointing to a change in production in India. This has increased employment and purchases. At the same time, strong demand for Indian goods abroad has helped companies pricate on the price front, which increased the selling fee significantly after October 2013.

Record high in 10 months

This was despite a slight increase in the cost of raw materials. The April figures were clear about strong optimism about the possibility of production in the coming year, which was inspired by the expectations of strengthening demand. Marketing efforts, increase in efficiency and new customer inquiries also emphasized positive forecasts. HSBC India Manufacturing PMI has been prepared by S&P Global on the basis of answers to questions sent to purchasing managers in a group of about 400 manufacturers.

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