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India’s manufacturing sector showed renewed momentum in April, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) edging up to 54.7. The latest reading, updated on 4 May 2026, compares with a previous level of 53.9 recorded earlier in April 2026.
The rise in the PMI suggests an improvement in operating conditions for India’s manufacturers over the period, pointing to a stronger expansion in activity. A reading above 50 signals growth in the sector, and the move from 53.9 to 54.7 indicates that the pace of that growth has accelerated within April.