India’s private sector activity surges in April; job creation hits 10-month high
- IBEF
- April 24, 2026
India’s private sector activity witnessed a strong uptick in April 2026, with the Purchasing Managers’ Index (PMI) indicating accelerated expansion driven by improved performance across both manufacturing and services sectors. According to the latest flash survey, the composite PMI rose to 58.3 in April from 57.0 in March, remaining well above the 50-mark that separates expansion from contraction. The growth was primarily led by a rebound in manufacturing activity, supported by stronger domestic demand and an increase in new orders, while services activity also recorded steady expansion. The sustained rise in business activity reflects resilient economic momentum despite ongoing global uncertainties.
A key highlight of the survey was the sharp improvement in employment conditions, with job creation reaching a 10-month high, indicating increased hiring by firms to meet rising demand. The expansion was supported by higher output levels and improving business conditions, although input cost pressures remained elevated due to rising raw material and energy prices. Firms continued to pass on part of these costs to consumers, reflecting persistent inflationary trends. Despite some moderation in business confidence amid geopolitical uncertainties, the overall outlook remains positive, supported by strong domestic demand and continued expansion across sectors. The data underscores India’s resilience as one of the fastest-growing major economies, with private sector activity continuing to act as a key driver of economic growth.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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