Steel imports hit a notable high in April as India’s manufacturing and construction sectors drove greater inbound shipments.
Tag: Manufacturing
IIP Rose to 173.2 in March 2026 Signaling Industrial Expansion
India’s Index of Industrial Production climbed to 173.2 from 166.3 in March 2025 with manufacturing broadly contributing to growth.
India Imported More Steel Than It Exported in April as Domestic Consumption Surged
Steel import volumes rose sharply in April as domestic demand outpaced export activity for the first time in recent months.
India’s Defence Manufacturing Ambitions Boosted by Rafale Jet Maintenance and Transfer Deals
Analysts noted that the Rafale deal includes provisions for Indian defence manufacturing and technology transfer which aligns with the government’s Aatmanirbhar Bharat goals.
Gates Industrial Surges 15.8 Percent After Strong Quarterly Results Beat Estimates
Power transmission belt maker Gates Industrial posted results that far exceeded Wall Street forecasts
India Private Sector Activity Remains in Expansion Territory in May Says HSBC Flash PMI
HSBC’s flash PMI data shows India’s private sector continues to grow in May 2026, though the pace of expansion has softened slightly.