FX.co ★ India’s Manufacturing Pulse Strengthens as HSBC PMI Climbs to 54.7 in April

India’s manufacturing sector showed renewed momentum in April, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) edging up to 54.7. The latest reading, updated on 4 May 2026, compares with a previous level of 53.9 recorded earlier in April 2026.

The rise in the PMI suggests an improvement in operating conditions for India’s manufacturers over the period, pointing to a stronger expansion in activity. A reading above 50 signals growth in the sector, and the move from 53.9 to 54.7 indicates that the pace of that growth has accelerated within April.