India Private Sector Growth Accelerates in April

HSBC Flash India Composite PMI rose to 58.3 in April from 57.0 in March, indicating sharp private sector output growth acceleration.
Manufacturing led the resurgence with output index jumping to 59.1 from 55.7, while services activity grew at 57.9 vs 57.5 previously.
Input cost inflation remained historically elevated at second-steepest pace in nearly three years, though output charge inflation moderated.
Private sector employment reached a ten-month high as firms expanded capacity and remained optimistic about future output.