India, March 24 -- India's private sector activity continued to expand strongly in March on the back of robust expansions in new business intakes and output, flash data compiled by S&P Global showed on Monday.
The HSBC composite output index dropped to 58.6 in March from 58.8 in February. However, a score above 50.0 indicates expansion.
Manufacturing was March's brighter spot, posting quicker increases in sales and output that were faster than those registered in the service economy, the survey said.
The manufacturing Purchasing Managers' Index climbed to 57.6 from 56.3 in the previous month. Further, factory production rose at the quickest pace since July 2024. Meanwhile, the services PMI decreased to 57.7 from 59.0 a month ago.
The gr...