Economic Buzz: India Nikei Private Sector Expands In March

Indias seasonally adjusted Nikkei India composite output index rose to 50.8 in March from 49.7 in February. survey data from IHS Markit showed Thursday. Private sector activity expanded slightly at the end of the first quarter, driven by growth in both the manufacturing and service sectors. Any reading below 50 suggests contraction, while a score above 50 indicates expansion in the sector. Similarly, the services business activity index climbed to 50.3 in March from 47.8 in the preceding month.