India's private sector growth touches 13-month high in May, buoyed by services: HSBC

India's private sector experienced a significant acceleration in May, achieving its fastest expansion in over a year, according to HSBC Flash PMI data. The surge was primarily driven by the services sector, which saw a 14-month high in output. While manufacturing showed mixed signals, overall private sector activity reached a 13-month peak, fueled by strong demand and renewed business confidence.

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