April Manufacturing PMI

The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4

The headline Purchasing Managers' Index (PMI) figure, released by HSBC, slid to 60.8 in April from 61.2 recorded in March

Manufacturers report robust demand from Indian and foreign clients, says HSBC final survey for the month

Business optimism improved as firms expected demand to remain buoyant and higher production volumes in the coming 12 months

Driven by robust demand in both manufacturing and service sectors, PMI in April climbed to 62.2 from March's final reading of 61.8

Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity

The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries

India's manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis

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Inflation eased, most companies did not go for additional hiring in April