New Delhi, May 4 -- Indias manufacturing activity recorded a modest improvement in April, supported by stronger output, new orders and export demand, though overall growth remained among the weakest seen since 2022, according to the latest HSBC India Manufacturing Purchasing Managers Index (PMI) survey by S&P Global.
Output and New Orders Support Modest Improvement
The seasonally adjusted HSBC India Manufacturing PMI rose to 54.7 in April from 53.9 in March. While the reading remained above the 50-mark that separates expansion from contraction, it indicated the second-slowest improvement in operating conditions in nearly four years.
Growth in new business orders and production improved from March levels but remained subdued compa...