Mumbai, March 24 -- India's private sector economy ended the 2024/25 fiscal year on strong footing, sustaining robust expansions in new business intakes and output, according to preliminary HSBC 'flash' PMI data.
Rates of growth softened from February, though remained well above their respective long-run averages. Outstanding business volumes continued to rise, supporting another round of job creation, while price trends were mixed.
Input costs rose at a marked and accelerated rate, but charge inflation slowed to its weakest in over three years. Manufacturing was March's brighter spot, posting quicker increases in sales and output that were faster than those registered in the service economy.
The HSBC Flash India Composite Output Index -...