India’s private sector growth likely picked up in August: HSBC Flash India PMI
The HSBC Flash India Composite PMI Output Index increased to 54.6 in August from July's 54.3, indicating modest growth in private-sector activity. Services saw a rise to 54.5, while manufacturing contracted to 54.9, marking the weakest growth in five years. The report suggests challenges persist, but job creation accelerated, reflecting overall steady output growth.