Business activity rises to 8-month high in March

The HSBC Flash India Composite PMI Output Index rose to 61.3 in March from 60.6 in February. The increase was led by manufacturing output, which expanded at its fastest pace of 63.5 in nearly three and a half years from 60.7 in February. Manufacturing PMI, which represents private activity in the sector, rose to 59.2 compared with 56.9 in the previous month.
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