The HSBC Flash India Composite Output Index, which tracks combined output across manufacturing and services, rose to 60.7 in December from 58.6 in November, signaling the strongest expansion since August 2024, according to HSBC data compiles by S&P Global.
India’s private sector witnessed robust growth in December, marking its highest performance in four months. Both the manufacturing and services sectors showed accelerated growth, supported by increased new business inflows and heightened job creation.
The HSBC Flash India Manufacturing PMI improved to 57.4 in December, up from November’s 56.5, indicating stronger business conditions. Gains in production, new orders, and employment drove the recovery, supported by a rise in domestic demand.
This story is from the December 17, 2024 edition of The Business Guardian.
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This story is from the December 17, 2024 edition of The Business Guardian.
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