ADVANCING MANUFACTURING GROWTH

Dear Readers,

The global economy is undergoing a steady transformation in 2026, shaped by evolving supply chains and shifting economic dynamics. According to the April 2026 edition of the International Monetary Fund’s (IMF) World Economic Outlook, growth across major economies remains supported by investments, innovation, and expanding industrial capabilities.

India’s Manufacturing sector has maintained encouraging momentum, supported by rising domestic consumption, investment, and expanding industrial capacity. The Purchasing Managers’ Index (PMI) rose in April 2026, indicating sustained growth in industrial activity and business confidence.

Amid this evolving landscape, India stands out as one of the world’s fastest-growing major economies. The International Monetary Fund (IMF) projects India’s GDP growth to be around 6.5 percent over the next two years, supported by strong domestic demand, sustained investment, infrastructure development, and ongoing structural reforms.

The resilience of the Indian economy reflects not merely a cyclical recovery, but a deeper transformation driven by digitalization, manufacturing expansion, and rising industrial competitiveness.

For the Indian Machine Tool industry, these developments offer significant opportunities. The industry is becoming more agile and flexible and is exploring new avenues. 

The Machine Tool industry has recorded encouraging progress in FY 2025-26, with growth in production, consumption, and exports, reflecting improved competitiveness and rising confidence in Indian manufacturing capabilities.

Indian Machine Tool Manufacturers’ Association (IMTMA) remains committed to advancing manufacturing through technology promotion, skill development, and knowledge sharing. Through Modern Manufacturing India, we will continue to bring our readers meaningful insights, emerging trends, and key developments that matter to the manufacturing community.

We sincerely thank our members, partners, contributors, and readers for their continued support and engagement.

Happy Reading.

MOHINI KELKAR
PRESIDENT
IMTMA