Mumbai, April 23 -- Rising from a final reading of 59.5 in March to 60.0 in April, the HSBC Flash India Composite Output Index highlighted the fastest rate of expansion since August 2024.
There were quicker increases across both the manufacturing and service sectors, with the former seeing the sharper upturn.
At 58.4 in April, up from 58.1 in March, the HSBC Flash India Manufacturing PMI indicated the strongest improvement in the health of the sector for one year.
The upward movement in the PMI reflected higher readings for four of its five subcomponents, the sole exception being delivery times which is inverted before entering the calculation.
Private sector companies in India welcomed a sharp rise in total new business intakes at the ...