# India's manufacturing PMI rose to 54.7 in April, up from 53.9 in March, but still marking the second-slowest improvement in operating conditions in nearly four years.

*business · news · 2026-05-04 · The Tribune*

## Key points

- India's manufacturing PMI rose to 54.7 in April but showed the second-slowest improvement in four years.
- Input costs for manufacturers increased at the fastest rate since August 2022 due to Middle East conflict.
- New export orders for Indian manufacturers grew at the fastest pace since September 2023.
- Manufacturers increased job creation to a ten-month high despite slower inventory growth.
- Lead times for inputs improved significantly, attributed to better supplier coordination.

**Countries:** India, Australia, France, Japan, China, United Kingdom

[Read the full story on The Tribune](https://www.tribuneindia.com/news/business/india-manufacturing-pmi-edges-up-to-54-7-in-april-second-slowest-improvement-in-operating-conditions-in-four-years-hsbc/)

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