Ahmedabad: India’s manufacturing sector has recorded rapid growth in April. According to a private survey, this has led to a significant improvement in export and employment. The second fastest growth in international orders since March 2011 increased overall sales.
The survey said that the strong demand for Indian goods has increased the pricing power of companies and the selling fee has reached the highest level after October 2013. Nomura Asia said that manufacturing PMI has declined in most Asian countries in April.
PMIs are stable for domestic economies like India and the Philippines, as activities have increased due to the upcoming elections. This shows that domestic demand will prove to be important in supporting development against external shocks. This can speed up the speed of policy incentives, especially on financial issues.
The survey said that the rate of expansion was the second strongest in nine months, with a slight increase in March. The credit for this growth has been given to strong domestic and international demand. Except for January, in the beginning of FY 2025-26, the new business from abroad has seen the highest growth in 14 years.
