Summary:

According to HSBC Flash India PMI statistics, India's manufacturing sector held up well in April, with the Purchasing Managers' Index increasing to 54.7 from 53.9 in March. A number above 50 denotes sustained growth, bolstered by modest increases in employment, exports, new orders, and output. India's place in global supply chains was strengthened by strong worldwide demand. Nonetheless, the growth rate was very slow, indicating a cautious attitude among businesses. Pricing and profitability were impacted by inflationary pressures and rising input prices. Despite difficulties, hiring persisted and hope persisted. Overall, the report highlights both caution and resilience by demonstrating consistent growth tempered by cost pressures.

Source: IBEF

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