India's March business activity ends fiscal year on strong note -PMI

Canada News News

India's March business activity ends fiscal year on strong note -PMI
Canada Latest News,Canada Headlines
  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Explore stories from Atlantic Canada.

Prices at the Pumps - March 20, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesBENGALURU - 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.

"Led by the strongest manufacturing output in nearly three-and-a-half years, the composite output index rose quickly," said Pranjul Bhandari, chief India economist at HSBC. Growth was led by the manufacturing sector, which has been one of the primary economic drivers over the past few quarters. The index tracking factory activity rose to 59.2, its highest since February 2008, from 56.9 last month.

Meanwhile, services activity also remained robust although the index eased slightly to 60.3 in March from 60.6 last month.That solid demand alongside expectations that economic conditions will remain supportive of growth led business optimism for the coming year to increase this month. Companies also stepped up hiring at the strongest pace since September.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

March for Fair Seniors’ Pensions set for March 21 in White RockMarch for Fair Seniors’ Pensions set for March 21 in White RockSeniors Tin Cup march happens in Terrace, Vernon, Ladysmith and other B.C. locations
Read more »

India’s Aviation Boom Could Support More Hubs, Air India CEO SaysIndia’s Aviation Boom Could Support More Hubs, Air India CEO SaysIndia’s airline industry is growing so fast that the country could support at least one other international hub beyond Mumbai and Delhi, Campbell Wilson, the chief executive officer of Air India Ltd., said.
Read more »

Explore: Imax film fest; seniors' singing workshop; Kaleidoscope TheatreExplore: Imax film fest; seniors' singing workshop; Kaleidoscope TheatreUpcoming events: Imax film fest, Friday to March 31; AlliHippoRhinoCrocodilligator Friday to March 16; Lifelong Singing, March 9
Read more »

ADQ Said to Explore Etihad Listing in First for Gulf Hub CarrierADQ Said to Explore Etihad Listing in First for Gulf Hub CarrierAbu Dhabi’s ADQ is considering a listing for Etihad Airways PJSC, potentially making it the first of the Gulf’s major hub carriers to become publicly-traded, according to people familiar with the matter.
Read more »

Vancouver To Explore Building Co-Op Housing On City-Owned LandVancouver To Explore Building Co-Op Housing On City-Owned LandHoward is a Staff Writer based in Burnaby who covers real estate and commercial real estate, with a focus on housing policy and the development industry.
Read more »

Explore: Church fundraiser; art history show; rock and gem showExplore: Church fundraiser; art history show; rock and gem showUpcoming events: Book sale for charity on Saturday; Victoria art-history exhibit on Sunday; rock and gem show Friday to Sunday
Read more »



Render Time: 2025-02-22 03:53:50