New Delhi, Oct. 23 -- India's private sector recorded its strongest expansion in four months in October, supported by improving services activity and a faster rise in new business, according to the HSBC Flash India Purchasing Managers' Index (PMI) survey released on Friday.
The HSBC Flash India Composite Output Index climbed to 56.7 in October from 55.9 in September, signalling an acceleration in overall business activity. The latest reading marked the fastest expansion since June, although it remained below the average recorded so far in 2026. The index has stayed above the 50-point threshold separating growth from contraction for 63 consecutive months.
Services led the improvement, with the Services PMI Business Activity Index rising to...