India’s economic activity remains strong, HSBC Flash PMIs show

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Key Points

The services purchasing managers index rose slighly to 62 from 61.8 in January, while the manufacturing index increased to 56.7 from 56.5..

The composite index climbed to a seven-month high of 61.5..

Indias economic activity continued to expand at a fairly rapid pace in February, with both services and manufacturing improving, a flash survey by HSBC Holdings showed...

The survey participants attributed the upturn to buoyant demand conditions, investment in technology, efficiency gains, expanded clientele and favorable sales developments, HSBC said...

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