New Delhi, May 3 -- India's manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers' Index (PMI), rose to a ten-month high due to a rise in order volume, according to a release by S&P Global on Friday. The PMI number came in at 58.2 in April up slightly from 58.1 in March, the highest since June 2024. The reading remained above the 50-mark, which indicates expansion over the last month. The index has remained above 50 for over three years now. "The notable increase in new export orders in April may indicate a potential shift in production to India, as businesses adapt to the evolving trade landscape and US tariff announcements. Manufacturing output growth strengthened to a ten-month high on robust orders," sa...