FX.co ★ India’s HSBC Composite PMI Edges Higher in April, Signaling Stronger Private-Sector Momentum

India’s private sector activity strengthened in April, with the HSBC Manufacturing & Services PMI rising to 58.20 from 57.00 on a month-over-month basis, according to data last updated on 06 May 2026. The increase in the key gauge of business conditions points to a faster pace of expansion across both manufacturing and services.

The April reading of 58.20, compared to the previous 57.00 in April 2026, underscores resilient demand and continued growth momentum in the Indian economy. As the PMI remains well above the 50-point threshold that separates expansion from contraction, the latest figures suggest that output, new orders, or both continued to improve relative to the previous month.

With the indicator strengthening on a month-over-month comparison, the data highlight sustained confidence in India’s private sector at the start of the new quarter, reinforcing expectations of solid economic performance in the near term.