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India's manufacturing sector achieved a 16-year high in March, propelled by robust growth in new orders and production, marking a stellar close to FY24. The HSBC India Manufacturing Index surged to 59.1, reflecting strong expansion across consumer, intermediate, and investment goods sectors, driven by domestic and export demand. Despite inflation concerns, confidence remained elevated.
India Business News: India's business activity expanded at the fastest pace in four months in January on stronger demand, indicating that it is likely to maintain its posi
The flash Purchase Managers' index (PMI) jointly launched by HSBC and Standard and Poor's indicates that consumer price inflation is expected to rise moderately in the coming months. According to the data, service providers have not passed on input price increases to final consumers, and while manufacturers have, composite output prices are rising at a lower rate than the previous month.
India’s Manufacturing PMI for December is the highest in the world---strong domestic demand combined with low input costs as a result of low global growth have resulted in high animal spirits
The PMI gives an idea about the direction of economy. It helps decide on production needs based on new orders in the coming months.