Domestic private sector growth hits 13-month high in May, led by strong services activity: HSBC Flash PMI
India’s private sector activity expanded sharply in May, reaching its highest pace in over a year, driven by a robust performance in the services sector. According to the HSBC Flash PMI data released on Wednesday, the HSBC India Composite PMI Output Index surged to 61.2 in May from 59.7 in April, indicating a strong rate…