FX.co ★ India’s HSBC Composite PMI Climbs to 58.3 in April, Signalling Stronger Private-Sector Momentum

India’s private sector activity strengthened in April 2026, with the HSBC Manufacturing & Services PMI rising to 58.30 from 57.00 in March 2026, on a month-over-month basis. The latest reading, updated on 23 April 2026, points to a faster pace of expansion across both manufacturing and services.

The improvement from March’s 57.00 suggests that business conditions in April continued to grow and did so more robustly than in the previous month. As the PMI remains well above the 50-point threshold that separates expansion from contraction, the data signal sustained resilience in India’s economic activity at the start of the new quarter.

According to the comparison methodology, the “Actual” figure reflects the change in April relative to March, while the “Previous” figure tracks March’s performance against February. The step-up to 58.30 underscores an acceleration in private-sector growth momentum compared with the prior month’s rate of expansion.