New Delhi, April 23 -- India's private sector activity gathered momentum at the start of the new financial year, with the HSBC Flash India Composite Purchasing Managers' Index (PMI) Output Index rising to 58.3 in April from 57.0 in March, according to data compiled by S&P Global.
The latest reading signalled a sharp expansion in overall business activity and remained well above the long-run average, indicating sustained economic resilience. The rebound follows a moderation in March, when growth was impacted by disruptions linked to the ongoing West Asia conflict.
The upturn in April was largely driven by the manufacturing sector, which recorded stronger gains in both output and new orders compared to services. The flash manufacturing PMI ...