New Delhi, April 23 -- India's business activity expanded at the fastest pace in nearly 14 years this month, driven by robust demand, according to an HSBC survey released on Tuesday.
The survey also showed easing input inflation and positive job growth, suggesting that India is well-positioned to remain the fastest-growing major economy this year.
HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 62.2 this month from March's final reading of 61.8.
The reading has consistently been above the 50-mark separating expansion from contraction since August 2021.
The strong expansion was led by the services sector activity, with the index rising to a three-month high of 61.7 from March's 61.2,...