New Delhi: The private sector expanded its eight-month high in April, driven by strong demand for India’s private sector expansion and a surge in foreign orders for manufactured goods. However, commodity producers point out that the expansion rate is higher than service providers, the most obvious in 15 years. ” A private survey showed Wednesday.
According to the HSBC Flash India Composite Purchasing Managers Index (PMI), edited by S&P Global, the index rose to 60.0 from 59.5 in March, marking the strongest growth in manufacturing and service activity since August. However, the survey highlights that combined outputs in manufacturing and services have witnessed faster growth across the sector, the fastest expansion rate since August 2024.
“Manufacturing has shown a particularly strong momentum, with its PMI climbing to 58.4, above 58.1, reaching a year-on-year high. The service sector also maintained steady growth, with its PMI increasing from 58.5 to 58.5, the highest level in four months, was the private company in April in Europe, where private companies grew in the new export stage, and the demand for private companies increased in Europe and Europe, which is in Europe, and Europe, and Europe, and Europe.
The survey also noted that companies operating in India’s private sector show that increased response efficiency, positive demand trends and successful advertising have improved output levels. “Some panelists also reported improved international competitiveness due to the depreciation of the rupee against the dollar,” it said.
In terms of inflation, the survey also said that despite the continued rise in input prices in India’s private sector, inflation in March was in line with and remained low to the long-term average. It added: “The team members who showed a higher cost were on raising the costs of chemistry, freight, labor, leather, rubber and steel. Service companies noted that spending increased faster than manufacturers.”
