MUMBAI — India’s private sector saw the greatest surge in export orders in over a decade in April, partly helped by a pause on some “reciprocal” tariffs by the U.S., as its overall growth hit the highest level in eight months.
The prelimin reading of the HSBC India Composite Purchasing Managers’ Index, a gauge of the combined growth of the nation’s private manufacturing and services industries, rose to 60.0 in April from 59.5 in March, its highest mark since last August. Readings above 50 indicate an increase on the previous month.
