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April PMI jumps as India’s private sector shrugs off Iran war and oil shock
Economy
Published on 24 April 2026
Costs from the Middle East didn’t stop output—PMI rose sharply
India’s private sector activity expanded in April, with both manufacturing and services rebounding strongly, according to PMI data. The uptick came even as firms faced higher costs linked to the Middle East conflict and oil shock. Domestic demand stayed resilient, companies increased stockpiling, and employment improved, signaling confidence despite global risks.
- April activity PMI rose as manufacturing and services rebounded
- Iran war and oil shock lifted costs but didn’t derail growth
- Robust domestic demand supported continued expansion
- Stockpiling and hiring increased amid uncertainty
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times