Indian private business sector growing, but slowly: Survey
The Dollar Business Bureau Indian private sector business activity rose for the twelfth consecutive month, albeit at the weakest pace since October, says a HSBC Report. In its latest survey, The HSBC Emerging Markets Index (EMI), the report said that emerging markets registered a further moderation in the rate of economic growth in April. The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI™ surveys, fell to 51.3, from 51.5 in March. The latest figure signalled the weakest rate of expansion since January, and the average over the first quarter (51.6) was well below the average since the series started in late-2005 (53.6). The EMI is broadly consistent with emerging market GDP rising at an annual rate ...
