Key Points
Indian business activity expanded at its fastest pace in seven months in February as demand remained strong for both manufacturing and services, according to a business survey released on Thursday, which also showed an easing in price pressures...
That supports the findings in a Reuters poll which found India, the fastest growing major economy, is expected to continue to grow at a steady pace over the coming years...
HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.5 this month from January's final reading of 61.2, staying above the 50-mark that separates expansion from contraction for a 31st straight month...
"The pace of acceleration in the output of India's manufacturers and service providers, combined, was at a 7-month high in February..
The flash manufacturing PMI for February rose to 56.7 from last month's 56.5, its highest since September, and the preliminary services PMI was at a seven-month high of 62.0 from 61.8 in January...
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