India's private sector: PMI surges to a 14-month high of 61.0; strong demand lifted activity in June
India's private sector surged in June, hitting a 14-month high driven by strong domestic and international demand. The HSBC Flash India Composite PMI reached 61.0, fueled by manufacturing and services. Export orders grew at a record pace, particularly in manufacturing, leading to increased hiring. While input cost inflation eased, business confidence dipped to a two-year low despite the robust growth.
India's private sector surged in June, hitting a 14-month high driven by strong domestic and international demand. The HSBC Flash India Composite PMI reached 61.0, fueled by manufacturing and services. Export orders grew at a record pace, particularly in manufacturing, leading to increased hiring. While input cost inflation eased, business confidence dipped to a two-year low despite the robust growth.
