FX.co ★ India’s Manufacturing Momentum Builds as HSBC PMI Climbs to 55.9 in April

India’s manufacturing sector strengthened in April 2026, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 55.9 from 53.9 in March 2026, according to data updated on 23 April 2026.

The two-point increase signals a faster expansion in manufacturing activity, reaffirming a solid growth trend in the sector. A PMI reading above 50 indicates expansion, and the April figure points to a more robust pace than the previous month.

The improvement suggests that operating conditions for Indian manufacturers continued to improve into the new quarter, building on March’s gains and underscoring manufacturing’s contribution to India’s broader economic outlook in early 2026.