01-June-2026
Economy News
 
India’s factory growth hits 3-month high in May — Even as Middle East tensions lift input costs
01-Jun-2026

India’s manufacturing sector expanded at a faster pace in May, with the HSBC Manufacturing Purchasing Managers’ Index (PMI) rising to 55.0 from 54.7 in April. The growth was supported by strong domestic demand, infrastructure activity and fresh business gains. According to the HSBC India Manufacturing PMI survey, the latest reading signalled the strongest improvement in the sector’s health in three months. The PMI had stood at 54.7 in April and 53.9 in March amid Middle East conflict that started in late February.

News Source:- https://www.financialexpress.com/policy/economy/may-pmi-indias-manufacturing-growth-hits-3-month-high-despite-elevated-input-costs-amid-middle-east-conflict/4256022/?ref=economy_hp