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Date: 30/04/2025

India’s private sector business hits 8-month high on export orders: Survey

India’s private sector business grew to an eight-month high in April 2025 fuelled by robust demand, particularly a surge in foreign orders for manufactured goods, according to a survey by HSBC Holdings Plc.
 
Rising from a final reading of 59.5 in March to 60 in April, the HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – highlighted the fastest rate of expansion since August 2024. There were quicker increases across both the manufacturing and service sectors, with the former seeing a sharper upturn. According to Pranjul Bhandari, Chief India Economist at HSBC, new export orders accelerated sharply, likely buoyed by the 90-day pause in the implementation of tariffs by the US. As a result, output and employment grew, for both manufacturers and service providers, said a report.
 
Source: Exim News Service: Mumbai, April 29



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