New Delhi, May 22 -- India's private sector activity expanded sharply in May, reaching its highest pace in over a year, driven by a robust performance in the services sector.

According to the HSBC Flash PMI data released on Wednesday, the HSBC India Composite PMI Output Index surged to 61.2 in May from 59.7 in April, indicating a strong rate of expansion in both the manufacturing and services sectors.

The HSBC Flash India Services PMI Business Activity Index rose to 61.2 in May from 58.7 in April, marking the fastest rise in output in 14 months. This jump was supported by strong demand conditions, a solid inflow of new business, and improved sentiment.

HSBC said "The increase was the most pronounced since April 2024. There was a mild l...