New Delhi, June 1 -- After losing momentum in March due to the West Asia conflict, growth across India's private sector has expanded at a quicker rate since the start of the new fiscal year. It maintained that expansion in May, with survey data indicating a quicker upturn for manufacturers and improvement in both new orders and production during the month.

The rate of growth across India's manufacturing industry came in even stronger than the flash estimates released by HSBC India just 10 days ago, with purchasing prices rising at their second-fastest pace since April 2022 (behind April), while the rate of output charge inflation remained below the average over the past year.

The HSBC India Manufacturing Purchasing Managers' Index (PMI)...