New Delhi, April 23 -- Indias private sector activity gathered pace at the start of the new financial year, with stronger output and new orders driven largely by a rebound in manufacturing, according to the latest HSBC Flash PMI data compiled by S&P Global.
The HSBC Flash India Composite PMI Output Index rose to 58.3 in April from 57.0 in March, signalling a sharp expansion in overall business activity.
The reading remains well above the long-term average, indicating sustained economic momentum after a brief slowdown linked to disruptions from the West Asia conflict.
Manufacturing leads the recovery
The upturn was led by manufacturing, which recorded a notable acceleration in both output and new orders. The flash manufacturing ...