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Category :
Economy
Headline :
India's March business activity ends fiscal year on strong note
Date:
21/03/2024 11:32
India's business activity ended this fiscal year on a high note, expanding at the fastest rate in eight months in March, according to a business survey, suggesting the country would remain the fastest growing major economy.
HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6.
That extended the streak of expanding activity to 32 months. The 50-mark separates expansion from contraction on a monthly basis.
India's business activity ended this fiscal year on a high note, expanding at the fastest rate in eight months in March, according to a business survey, suggesting the country would remain the fastest growing major economy.
HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6.
That extended the streak of expanding activity to 32 months. The 50-mark separates expansion from contraction on a monthly basis.
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