India, Oct. 23 -- India's private sector growth accelerated in October amid cooling inflationary pressures and a sustained rise in new orders, according to flash survey data from S&P Global released Friday.
The HSBC flash composite output index rose to 56.7 in October from 55.9 in the previous month. A reading above 50 signals expansion.
The survey revealed that both the manufacturing and services sectors experienced stronger growth. The services PMI climbed to 56.2 from 55.2, while the manufacturing PMI eased to 54.9 from 55.1, indicating a slight slowodown in growth.
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