India's business activity reached a three-month high in July, with the flash India composite PMI rising to 61.4.
India's business activity experienced a three-month high in July, fueled by strong demand, particularly in the services sector. Businesses hired at the fastest pace in over 18 years, and the flash India composite purchasing managers' index rose to 61.4, marking three years of expansion. The 50-level separates growth from contraction. The data reflects sustained growth in India's private sector, which is expected to receive incentives to improve skills and spur employment.
July 24, 2024
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