India’s manufacturing activity surged in March 2025 as the PMI climbed to 58.1, marking an eight-month high and signalling a strong recovery.
New orders hit their highest level since July 2024, driven by strong customer interest, favourable demand, and effective marketing.
Production expanded sharply, though international sales growth slowed to a three-month low, with exports rising in Asia, Europe, and the Middle East.
Finished goods inventories saw their steepest decline over three years, prompting firms to boost input purchases at the fastest rate in seven months.
Supply chains remained stable, with lead times improving for the thirteenth straight month, while input costs rose due to higher prices of copper, electronics, leather, LPG, and rubber.
Hiring increased steadily, though capacity pressures limited job growth. Manufacturers remained optimistic about future output, supported by strong demand and pending projects.
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