India's manufacturing sector gained further momentum in April, with output rising at its fastest pace since June 2024, driven by continued strong growth in new orders, according to a monthly survey released on Friday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) edged up to 58.2 in April from 58.1 in March, marking the most robust improvement in the sector's health in ten months.
A PMI reading above 50 signals expansion, while a score below 50 indicates a contraction.