BUSINESS STANDARD 

SUMMARY

India’s manufacturing sector hit a 10-month high in April 2025, despite the HSBC India Manufacturing Purchasing Managers’ Index (PMI) only rising slightly to 58.2 from 58.1 in March, according to data compiled by S&P Global on Friday. 

The seasonally adjusted index signalled the strongest improvement in the sector’s health since June 2024, driven by faster growth in employment, production, and stocks of purchases.

This follows a dip to a 14-month low of 56.3 in February, when output, new orders, and input purchasing had slowed.

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