HSBC India Manufacturing PMI Rises to 54.7 in April

HSBC India Manufacturing PMI rose to 54.7 in April from 53.9 in March, marking the second-slowest improvement in operating conditions in nearly four years.
Input costs increased at the fastest pace since August 2022, and output prices rose at the quickest rate in six months, largely attributed to the Middle East conflict.
New export orders expanded at a seven-month high, with strong demand from clients in Australia, France, Japan, Kenya, China, Saudi Arabia, UAE, and the UK.
Employment grew at the strongest rate in ten months, while input inventories rose at the slowest pace in nearly five years.