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Strong Orders Boost PMI, But Inflation Pressures Rise Amid West Asia Tensions
India's manufacturing index rose to 54.7 in April, supported by improvements in new orders, exports, and employment. Activity in the sector remained strong, although the pace of operational recovery was relatively slow. Meanwhile, West Asia tensions increased pressure on costs and prices. Read the report:
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“Strong Orders Boost PMI, But Inflation Pressures Rise Amid West Asia Tensions”
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4 May 2026
The April manufacturing purchasing managers' index in India stood at 54.7, compared to 53.9 in March, according to the HSBC Flash India PMI data. This was due to an increase in new orders (both domestic and export) and employment.
The data indicate that India's manufacturing industry is robust as far as growth is concerned, as evidenced by the increase in orders in April. This was also aided by the country's exports, leading to the fastest growth in six months.
Inflation risks in India increased due to tensions in West Asia, causing input prices and output prices to increase at the highest rate in 44 months and six months, respectively.
