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flag India's private sector growth reaches 13-month high in May, fueled by strong services activity.

flag India's private sector growth hit a 13-month high in May, driven by a surge in services activity, according to HSBC's Flash India PMI. flag The Composite PMI Output Index rose to 61.2, indicating strong expansion in both manufacturing and services. flag Services saw the fastest output rise in 14 months. flag Despite this, inflationary pressures increased, with input costs and prices reaching their highest levels since April 2024. Business confidence improved, signaling optimism in future prospects.

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