India's composite PMI index rises to 3-yr high
The Nikkei India Composite PMI Output Index, which maps both manufacturing and service sectors, rose to a 37-month high of 54.3 in March from 51.2 in February. The surge was driven by an increase in new business orders in both sectors, analysts said. Meanwhile, India's Services Purchasing Managers’ Index also rose to 54.3 from February's 51.4, matching January's 19-month high. 