In February 2025, India’s private sector saw its fastest growth in six months, driven by a surge in services. The HSBC Flash India Composite Output Index rose to 60.6, indicating strong business activity. Services, in particular, expanded significantly, with the HSBC Flash India Services PMI Business Activity Index reaching 61.1, its highest level in nearly a year.
Despite a slowdown in manufacturing, the services sector showed resilience and strength. Job creation hit a record high, reflecting increased business confidence and investment.
The positive trend in the private sector signals sustained growth and stability for India’s economic outlook in the coming months.