India’s manufacturing activity surged to a 14‑month high in June, fueled by a dramatic spike in export demand. The HSBC‑S&P Global Manufacturing PMI climbed to 58.4 from 57.6 in May—the strongest level since April 2024—with new export orders growing at the third‑highest rate since the survey began in 2005 . The boom in exports, especially to the U.S., drove factory output and prompted record hiring—marking the fastest pace of job creation on record . At the same time, input costs eased, pushing inflation down to a four‑month low while companies modestly increased selling prices . Although business sentiment dipped slightly due to concerns over global competition, inflation, and shifts in consumer preferences, overall expansion remains robust .

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