Indian private sector output rises at faster pace amid pick-up in sales growth

Economic Growth Indicators - The HSBC Flash India Composite PMI Output Index rose to 62.2 in April from 61.8 in March, indicating the fastest rate of increase in aggregate business activity since mid-2010[4] - The Manufacturing PMI Output Index was reported at 63.2, slightly down from 63.3 in March, while the Services PMI Business Activity Index increased to 61.7 from 61.2[9] Sector Performance - Economic growth was broad-based, with the manufacturing sector experiencing the sharper increase, although at a softer rate compared to March[4] - Private sector sales expanded for the thirty-third consecutive month, marking the quickest pace in nearly 14 years[4] Employment and Capacity - Job growth was notably stronger in the manufacturing sector, with manufacturers increasing staffing levels to the greatest extent in nearly 18 months[7] - Despite robust increases in new business, pressures on capacity remained mild, with backlogs of work rising for the twenty-eighth month in a row[7] Input Costs and Pricing - Input cost inflation receded for both manufacturing and services, with the rate of increase below its long-run average[7] - Prices charged for goods and services rose at a lesser extent in April, but the inflation rate remained above the long-run average[7] Future Outlook - Business confidence improved, with the composite Future Output Index rising from March's four-month low, indicating expectations for further improvements in demand and productivity over the next 12 months[7]