Private sector economy records fastest growth, PMI index rises to 65.2

The private sector economy recorded its fastest growth with the headline HSBC Flash India Composite PMI Output Index rising over four points to 65.2 from 61.1 in July, data by S&P Global said.

- STATESMAN NEWS SERVICE New Delhi, 21 August

This is the fastest growth since the start of survey data in December 2005. It said the manufacturing and services sectors reported accelerated growth, with services outperforming and registering a fresh survey high in business activity. The services sector spearheaded this growth with HSBC Flash India Services PMI Business Activity Index soaring to a survey high o