US EditionFactory Rebound Lifts India's Private Sector Growth in April, PMI Shows
The HSBC flash PMI rose to 58.3 as firms rebuilt stocks and passed higher fuel and raw-material costs to consumers, the survey said.
- Manufacturing industries drove India's private sector output rebound in April, with The HSBC Flash India PMI Composite Output Index rising to 58.3 from 57.0 in March, signaling solid growth.
- This upturn follows a March contraction triggered by the war in Iran and Middle Eastern supply disruptions. Authorities cut The LPG supplies to commercial establishments last month to prioritize household cooking gas.
- Rising fuel, gas, and raw material prices are driving higher input costs, prompting firms to build buffer stocks to manage supply-side uncertainties. Manufacturing companies have begun passing these expenses to consumers.
- Manufacturing led the upturn with faster growth in output and new orders, according to Pranjul Bhandari, Chief India Economist at HSBC. Input costs remain elevated as companies pass expenses to consumers.
- While The LPG supply crunch has eased in recent weeks, disrupted supply chains could take up to four years to recover, a government official said earlier this month. Authorities are expanding city pipeline gas networks as an alternative.
11 Articles
11 Articles
India’s private sector gains momentum in April on manufacturing strength
India's private sector activity gained pace in April. Manufacturing led the growth with increased output and new orders. Businesses expanded capacity and invested in technology. Companies built buffer stocks to manage supply chain uncertainties. Employment growth also picked up. Despite rising costs for fuel and raw materials, firms anticipate future output growth. Business confidence remained high.
India’s Manufacturing Rebounds in April Despite High Energy Costs
The manufacturing industries are driving a rebound in India’s private sector output in April, following a slump in March during the initial shock caused by the war in Iran, a survey showed on Thursday. The HSBC Flash India Composite PMI Output Index rose to 58.3 in April from 57.0 in March, according to the flash survey of Indian manufacturers and service providers. Total activity and new orders in the private sector are expanding in April…
Indian private sector output growth accelerates in April as manufacturing grows faster: HSBC Flash India PMI
April saw a rebound in India's private sector growth. The HSBC Flash PMI revealed stronger manufacturing output and job creation, although inflation pressures remained high, with firms raising selling prices in response.
India's Private Sector Gains Momentum in April as Manufacturing Drives Growth: HSBC PMI
Get latest articles and stories on Business at LatestLY. India's private sector grew faster in April, with strong expansion in both manufacturing and services, according to HSBC's latest flash PMI data. Business News | India's Private Sector Gains Momentum in April as Manufacturing Drives Growth: HSBC PMI.
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