Mumbai: The activities of the country’s manufacturing sector rose to an eight -month high in March, while in February it was at a 14 -month low. The HSBC Purchase Manager Index (PMI) for the manufacturing sector in March was 58.10, which was 56.30 in February. A survey report prepared by S&P Global states that manufacturing activity has improved due to an increase in domestic order book. Announcements of new infrastructure projects have reached the highest level so far in the March 2025 quarter.
Last month, the new order book index also reached an eight -month high. The order book has increased as a result of the increasing interest of customers, favorable demand status and marketing initiative.
Due to strong demand, there has been a sharp decline of three years in the stores of finished goods of companies. Business optimism is also increasing. 30 percent of the companies participating in the survey are expected to make the production quantity high in the next one year, while less than two percent of companies expect the production volume to fall.
The report also states that the production growth of companies due to strong orders has been higher than the historic average.
To meet high demand, companies were forced to supply goods from inventory, causing the stock level to its lowest level since January 2022.
The purchase of raw materials by companies also increased to replenish the declining stock. Another good indication is that industrial development in the country is gaining new pace. The manufacturing PMI index in the country reaches the 8 -month high in March and another figure indicates strength in the country’s economy.
Announcements of new infrastructure projects have reached the highest level so far in the March 2025 quarter. According to data from the Center for Monitoring Indian Economy (CMIE), there has been a significant increase in new proposals related to factories, roads and power plants during this period.
Investment summit conferences, especially in Maharashtra, Madhya Pradesh and Chhattisgarh, have played an important role in increasing investment commitments. The total value of new projects during the March quarter is Rs. It is Rs 18.7 lakh crore, which is twice the last quarter.
There have been large-scale investment announcements in the power sector in the January-March 2025 quarter. Due to the energy sector, this figure reached a historical height. Industry experts believe that this investment in the energy sector will not only strengthen the power supply of the country but will also create new employment opportunities.
This historic bounce in new projects in the March quarter clearly shows that investors are very excited about the development of industrial and infrastructure in the country. This will not only strengthen India’s economy but also increase employment and business opportunities. This entire cycle will create a strong long -term structure for the country’s economy.
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