India's mfg growth sees mild recovery in Apr, Iran war exerts upward pressure on inflation: PMI
Published on: May 4, 2026, 3:24 p.m. | Source: Daily Excelsior
NEW DELHI, May 4: India’s manufacturing sector activity witnessed mild recoveries in growth of new business intakes and production, but rates of increase were the second-weakest in nearly four years. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index rose from 53.9 in March to 54.7 in April, signalled the second-slowest improvement in overall operating conditions in close to four years. HSBC India Manufacturing Purchasing Managers’ Index (PMI) is a gauge of overall conditions derived from measures of new orders, output, […]
