India Private Sector Economy Sees Stronger Improvement

Business Standard Markets · stocks

India's private sector economy experienced a firmer improvement in business conditions in September, according to HSBC Flash PMI data. Output growth accelerated in both manufacturing and services, with goods producers driving the upturn. Aggregate new orders also increased at a faster rate, leading to a solid expansion in jobs. Inflationary pressures eased, while business confidence strengthened. The Composite Output Index rose to 56.5 in September from 54.