New Delhi, Aug. 21 -- India's private sector economy achieved its fastest growth rate since data collection began in December 2005, according to new survey findings released Thursday by S&P Global.

The HSBC Flash India Composite PMI Output Index surged to 65.2 in August, marking a substantial increase of over four points from July's reading of 61.1.

The services sector led this exceptional performance, with the HSBC Flash India Services PMI Business Activity Index reaching an all-time high of 65.6, compared to 60.5 in the previous month.

This surge was primarily driven by a sharp increase in new business orders from both domestic and international markets.

Meanwhile, the manufacturing sector also demonstrated robust growth, with the H...