Private sector growth in India hits 4-month high in October, but hiring slows
New Delhi, Oct. 23 -- The private sector business activity in the country expanded at its fastest pace since June in October, supported by stronger new orders across manufacturing and services, even as job creation slowed to its weakest pace of the year, according to the HSBC Flash India Composite PMI.
The Composite Output Index, which measures the month-on-month change in the combined output of India's manufacturing and services sectors, rose to 56.7 in October from 55.9 in September, indicating a marked expansion in business activity.
HSBC said "India's manufacturing and services sectors rose to 56.7 in October from 55.9 in September, pointing to a marked monthly expansion of business activity and one that was the fastest since June. ...
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