AsianFin--Business activity in April expanded at its fastest pace in nearly 14 years, propelled by strong demand.

The flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global and HSBC, climbed to 62.2 in April compared to March's final reading of 61.8. A reading above 50, which separates expansion from contraction, has been observed since August 2021.