Schedule a Call Back
India’s composite PMI hits 8-month peak in April on strong demand
Industry News- Apr 25,25
Manufacturing led the momentum, with its PMI reaching a one-year high of 58.4, up from 58.1.
India’s private sector activity accelerated to an eight-month high in April, buoyed by robust domestic demand and a sharp increase in foreign orders, especially for manufactured goods, according to the HSBC Flash India Composite Purchasing Managers’ Index (PMI) by S&P Global.
The Composite PMI rose to 60.0 in April from 59.5 in March, signalling the fastest expansion in combined manufacturing and services output since August. A reading above 50 indicates growth.
Manufacturing led the momentum, with its PMI reaching a one-year high of 58.4, up from 58.1. The services PMI also strengthened, rising to 59.1 from 58.5 — its highest in four months.
The upswing was driven by a surge in goods production and new orders, including a jump in export orders to their highest level since September 2014. The manufacturing sector posted its strongest performance in over 15 years, aided by India's rising profile as a global manufacturing alternative amid China’s trade challenges.
In response, both sectors ramped up output and hiring, with manufacturing employment hitting its highest level since March 2005.
(TOI)
Related Stories
Automation & Robotics
SiMa.ai Partners Kaynes Semicon to Advance Physical AI Manufacturing in India
SiMa.ai has partnered with Kaynes Semicon to co-develop Make in India Physical AI systems and defence-focused AI solutions, accelerating adoption across industrial, automotive, aerospace and defence..
Read moreAuto & Auto Components
CEAT Partners CleanMax for 59 MW Hybrid Wind–Solar Power Project
CEAT has partnered with CleanMax to source ~59 MW of hybrid wind–solar power for its Halol and Kanchipuram plants, boosting clean energy use to around 60 per cent and cutting emissions significant..
Read moreAuto & Auto Components
JK Tyre Inaugurates Phase III Expansion at Banmore PCR Plant
JK Tyre has commissioned Phase III expansion at its Banmore PCR facility in Madhya Pradesh, raising capacity to 30,000 tyres per day as part of Rs 10 billion multi-phase investment.
Read moreRelated Products
Fanless Industrial Pc for Smart Manufacturing
Smart Manufacturing
CONTEC Launches BX-M4600 Series - Fanless Industrial PC for Smart Manufacturing.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
