New Delhi, April 24 -- India's private sector business activity, as seen in the Flash Purchasing Managers' Index (PMI), rose to an 8-month high of 60 in April from the final reading of 59.5 in March, according to data released by S&P Global on Wednesday. Growth in new export orders was the primary reason for the uptick in April.
Flash PMI values are released a few days ahead of the actual PMI numbers, and include 80%-90% of the responses used in the calculation of the final PMI readings. India became the eighth country to have a flash PMI indicator in January 2024.
The HSBC Flash India Composite PMI Output Index, compiled by S&P Global from responses to questionnaires sent to survey panels of around 400 manufacturers and 400 service provi...