A surge in new orders and export demand propelled India's private sector output to a 14-month high in June, with the HSBC Flash India Composite Output Index climbing to 61.0, up from May's final reading of 59.3.
Flash PMI estimates provide an early snapshot of private sector activity for the month, combining data from both the manufacturing and services sectors.
Growth was broad-based across both sectors, with manufacturing leading the charge, according to the HSBC Flash India Purchasing Managers' Index (PMI) data released on Monday.
The Flash Manufacturing PMI Output Index rose to 61.5 from 60.3 in May, while the Flash India Services Business Activity Index advanced to 60.7 from 58.8 a month earlier.
The overall Manufacturing PMI also strengthened, rising to 58.4 in June compared with 57.6 in May -- its highest level since April 2024.
"India's flash PMI indicated strong growth in June. New export orders continued to fuel private sector business activity, especially in manufacturing," said Pranjul Bhandari, Chief India Economist at HSBC. "Meanwhile, the combination of robust global demand and rising backlogs prompted manufacturers to increase hiring."
June's report highlighted the sharpest increase in new export orders since comparable records began in 2014. Demand strength was reported across key markets in Asia, Europe, the Middle East and the Americas.
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