New Delhi, May 4 -- Private sector manufacturing activity growth recovered in April, as HSBC's India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, which measures monthly changes in manufacturing output,rose to 54.7 in April, up from 53.9 in March.
The growth was driven by stronger export performance after plummeting to a four-year low in March due to disruptions linked to West Asia.
A weighted average of new orders, output, employment, suppliers' delivery times, and stocks of purchases indices was lower than the Flash India Manufacturing PMI of 55.9 released last month. "India's manufacturing PMI rose to 54.7 in April, up from 53.9 in March, but still marked the second-slowest improvement in operating conditions ...