India’s private sector hits 8-month high in April as export orders surge

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India’s private sector hits 8-month high in April as export orders surge

Team Finance Saathi

24/Apr/2025

What's covered under the Article:

India's Composite PMI rose to 60.0 in April 2025, marking the highest growth since August 2024, fueled by strong export demand.
Manufacturing PMI increased to 58.4, with new export orders at their fastest pace since 2014, boosting output and employment.
Despite growth, business confidence dipped to an 8-month low due to cautious outlooks in the services sector.

In April 2025, India's private sector experienced significant growth, reaching an eight-month high, as indicated by the HSBC Flash India Composite Purchasing Managers' Index (PMI) compiled by S&P Global. The Composite PMI rose to 60.0 from 59.5 in March, signaling the strongest expansion since August 2024.

Manufacturing Sector Performance

The manufacturing sector demonstrated robust growth, with the Manufacturing PMI increasing to 58.4 in April from 58.1 in March. This marks the highest level in a year. The surge was primarily driven by a significant rise in new export orders, which grew at the fastest pace since September 2014. Factors contributing to this increase include global demand and a temporary 90-day delay in U.S. tariff implementation.

Services Sector Contribution

The services sector also contributed to the overall growth, with the Services Business Activity Index climbing to 59.1, a four-month peak. Companies reported increased output levels in response to efficiency gains, positive demand trends, and successful advertising campaigns.

Employment and Inflation Trends

Amid rising capacity pressures, both manufacturing and services sectors continued hiring additional staff in April. Job creation rates were equal across both sectors, with anecdotal evidence suggesting the creation of full- and part-time positions. Despite these positive developments, overall business confidence declined to an eight-month low due to a more cautious outlook in the services sector.

Conclusion

India's private sector showcased strong performance in April 2025, with significant growth in both manufacturing and services sectors. The surge in export orders and sustained demand contributed to increased output and employment. However, the dip in business confidence highlights the need for cautious optimism moving forward.

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India’s private sector hits 8-month high in April as export orders surge

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