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BOOMING SERVICES FIRE UP BUSINESS GROWTH
Orissa POST
|May 23, 2025
Despite rising inflation, India’s private sector is surging by numerous activities like new orders and exports which reached to a new high, leading to employment, overall impacting a future retail inflation
India’s private sector activity accelerated at its fastest pace in over a year in May, driven by robust expansion in services even as price pressures intensified, a survey showed Wednesday.
HSBC's Flash India Composite Purchasing Managers’ Index (PMI) compiled by S&P Global, rose to 61.2 this month from April's 59.7; the sharpest rate of increase since April 2024 and confounding a Reuters poll median forecast for a dip to 59.5.
The 50-mark separates contraction from expansion, and the latest reading showed sustained private sector growth for nearly four years.
“India’s flash PMI indicate another month of strong economic performance,” said Pranjul Bhandari, chief India economist at HSBC.
This story is from the May 23, 2025 edition of Orissa POST.
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