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Mfg Growth Rises To 8-Month High In March
Hindustan Times Thane
|April 03, 2025
India's manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers' Index (PMI), rose to an eight-month high of 58.1 in March, up from a 14-month low of 56.3 in February, on the back of strong domestic demand.
NEW DELHI: The index has remained above 50 for over three years now.
"India registered a 58.1 manufacturing PMI in March, up substantially from 56.3 during the previous month. Although international orders slightly slowed, overall demand momentum remained robust, and the new orders index recorded an eight-month high of 61.5," said Pranjul Bhandari, Chief India Economist at HSBC.
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