India private sector growth reaches three month high as manufacturing surges in February
India's private sector growth hit a three-month high in February as manufacturing surged. Rising costs and inflation may keep the central bank cautious.
Insights:
The flash India 
IN Composite Purchasing Managers Index (PMI), compiled by S&P Global for HSBC Holdings plc , rose to 59.3 in February from 58.4 in January. This reading signals the strongest expansion in the India private sector in three months and exceeded the median forecast in a Reuters poll. The growth was primarily driven by a sharper rise in manufacturing sector output and robust demand.
IN Composite Purchasing Managers Index (PMI), compiled by S&P Global for HSBC Holdings plc , rose to 59.3 in February from 58.4 in January. This reading signals the strongest expansion in the India private sector in three months and exceeded the median forecast in a Reuters poll. The growth was primarily driven by a sharper rise in manufacturing sector output and robust demand.
