India Private Sector Growth Accelerates in April
The HSBC flash composite PMI rose to 58.3 this month driven by a strong manufacturing recovery. While employment hit a ten-month high, fuel costs remain a risk.
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Xurve View
India's private sector experienced a significant acceleration in growth this April, driven by a robust rebound in manufacturing and services activity. According to the latest flash Purchasing Managers Index (PMI) data, the composite reading climbed to 58.3 from March's final figure of 57.0. This expansion marks nearly five years of continuous growth, as the index remains well above the 50-mark threshold that separates expansion from contraction.
