India's manufacturing PMI hits 10-month high in April, driven by strong exports and output.

India's manufacturing sector saw a significant boost in April, reaching a 10-month high. The HSBC India Manufacturing PMI rose to 58.2 from 58.1 in March, indicating strong growth. This improvement was fueled by robust export demand and increased output, despite manufacturers raising prices at the fastest rate since 2013. New orders and hiring also increased, with over 30% of manufacturers predicting higher output in the coming year.