India's Manufacturing Sector Surges to 6-Month High in January 2025

India's manufacturing sector kicked off 2025 with robust growth, as the HSBC India Manufacturing Purchasing Managers' Index (PMI) soared to 57.7 in January from 56.4 in December. This marks a six-month high, driven by strong domestic and export demand. The surge in new orders, particularly export orders reaching a 14-year high, fueled increased production and record job creation. Despite easing input costs, selling prices rose amid buoyant demand. The manufacturing boom signals a positive start for India's industrial sector in 2025, with optimistic business sentiment prevailing.

Source: S&P Global and HSBC India Manufacturing PMI Survey