India’s Economic Activity Accelerates in February, PMIs Show

India’s economic activity accelerated in February as sentiment improved after the US slashed tariffs on Indian goods, a flash survey by HSBC Holdings Plc showed.

The manufacturing purchasing managers’ index rose to 57.5 from 55.4 in January, while the services purchasing managers’ index remained flat at 58.4 from 58.5 last month. That pulled the composite index up to 59.3 compared with 58.4 in January.