Mumbai, Dec. 16 -- The HSBC Flash India Composite Output Index posted 58.9 in December, remaining well above the 50.0 no-change mark and therefore signalling a further steep expansion of business activity across the private sector.

That said, the index was down from 59.7 in November and pointed to the softest output growth since February.

The HSBC Flash PMI for December indicated that business activity in the Indian private sector continued to increase sharply in the last month of 2025. That said, the rate of expansion eased, with softer growth seen across both the manufacturing and service sectors. Similarly, growth of new orders slowed at the end of the year, but remained marked.

Meanwhile, companies kept their staffing levels broadl...