India’s business activity surged to its fastest rate in eight months in March, marking the end of the fiscal year on a strong note. According to HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, the index rose to 61.3 this month from February’s final reading of 60.6. Led by robust manufacturing output, the composite output index extended its streak of expansion to 32 months. Strong demand for factory goods, along with solid services activity, contributed to the overall growth.
India’s Business Activity Ends Fiscal Year on High Note, HSBC Survey Shows
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