India’s Composite Flash PMI for April signals very strong economy

The increasing momentum provides a fundamental basis to the optimism in the Indian equity market

Moneycontrol Opinion
April 23, 2024 / 11:53 AM IST
India’s Composite Flash PMI for April signals very strong economy

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The India Flash Composite Purchasing Managers Index, came in at 62.2 for April, compared to a final reading of 61.8 for March, indicating that the growth momentum in the economy, already robust, is strengthening further. The survey said, ‘positive demand trends fuelled new business intakes and output. In both cases, rates of expansion were the fastest in close to 14 years.’

The Flash PMI is an advance estimate of the final PMI numbers usually based on responses from 80-90 percent of