India’s private sector sees strong growth in April, hitting an eight-month high amid surging foreign orders.

India’s private sector witnessed a significant surge in April, hitting an eight-month high fueled by a substantial increase in demand and a spike in foreign orders, especially for manufactured goods. The Composite PMI surged to 60.0, indicating the most robust growth since August, with manufacturing reaching a one-year peak. The escalation in new export orders led to a boost in production and employment levels in both the manufacturing and service segments.

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Gold futures at MCX face profit booking, open lower at Rs 95,457/10 grams; silver also declines. Domestic markets close positively.

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