India's manufacturing sector accelerated in February, with the HSBC PMI rising to 56.

India's manufacturing sector accelerated in February, with the HSBC PMI rising to 56.9 from 55.4 in January, marking the fastest expansion in four months. Strong domestic demand drove new orders and production volumes, with output increasing at the quickest rate in four months. However, export growth remained weak, hitting a 17-month low as U.S. tariff uncertainty persists despite recent trade negotiations. Manufacturers raised selling prices at the fastest pace in four months, passing increased costs to customers amid robust domestic demand. Employment growth remained marginal with only four percent of firms hiring. Despite external headwinds, business confidence improved to a four-month high, signaling resilience in India's economic outlook for the year ahead.