February 21, 2025 12:32 PM

India’s private sector growth hits six-month high in February: HSBC flash PMI data

India's private sector output reached a six-month high in February, driven by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6 from 57.7 in January, marking its strongest growth since August 2024 and remaining above its long-term average. The services sector was the key contributor to this growth, with the HSBC Flash India Services PMI Business Activity Index climbing to 61.1 from 5...