Flash PMI surges to eight-month high riding on foreign orders

Positive Sign

- FE BUREAU

INDIA'S PRIVATE SECTOR business grew to an eight-month high in April fuelled by robust demand, particularly a surge in foreign orders for manufactured goods, according to a survey by HSBC Holdings.

Rising from a final reading of 59.5 in March to 60 in April, the HSBC Flash India Composite Output Index—a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors—highlighted the fastest rate of expansion since August 2024.