Composite PMI reaches highest level in 7 months

New Delhi: India’s business activity growth accelerated to a 7-month high in February on strong demand from both manufacturing and services, according to a private economic survey released on Thursday. HSBC’s flash India composite purchasing managers’ index (PMI), compiled by S&P Global, rose to 61.5 this month from 61.2 in January, above the 50 mark that separates expansion from contraction for the 31st consecutive month.

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