India’s manufacturing development is at a height of 10 months on export growth in April: report
New Delhi: India’s manufacturing sector rose its strongest speed in April 10 in April, increased export orders and increased strong production, even firms raised sales prices at the fastest rate in 11 years, Reuters said on Friday.
HSBC India Manufacturing Purchase Manager Index (PMI), compiled by S&P Global, increased from 58.1 to 58.2 in March in March. However, slightly below the flash estimate of 58.4, the April figure marks the best performance since June 2024.
Reading a PMI above 50 indicates expansion.
The export order rose at its second fastest speed in 14 years, only exceeded only by January 2025, as the business turned to India rapidly between global trade patterns and fresh American tariff measures. Pranjul Bhandari, the chief India economist of HSBC, said, “A significant increase in new export orders in April indicates a possible change in production in India, as business developed trade scenario and US tariff declarations.”
Strong export push helped raise the overall new orders, which remained close to the eight -month high of March.
According to PTI, it included significant demands from areas such as Africa, Asia, Europe, Middle East and America. Consumer goods manufacturers led the development, posted the fastest production growth among the surveyed areas.
Despite rising labor and physical costs, the firms raised their sales prices at the highest rate since October 2013, which pass the cost to customers. “Input prices rose slightly rapidly, but the impact on margin may exceed the offset due to much increase in output prices,” Bhandari was quoted by Reuters.
The rented activity also raised speed, in which 9% of the surveyed companies enhanced the employees, offering both permanent and temporary roles. The report stated that the firms purchased the demand and built the input inventory-while the post-production stock fell rapidly, reflecting the efficient order supply.
Strong demand increased the backlog of work for the third straight month, with the rate of accumulation to 15 months high.
Despite the prices of height, the trust of business remained historically high. More than 30% of the manufacturers estimated high output in the year, supported by anticipated demand strength, marketing efforts and new customer acquisition.
Encouraged April PMI data indicates a strong start for the manufacturing sector, strengthening its central role in India’s ongoing economic pace.
