India, Aug. 21 -- India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders, flash survey results from S&P Global showed on Thursday.
The HSBC flash composite output index rose to 65.2 in August from 61.1 in July. A score above 50 indicates expansion in the sector.
Moreover, India's private sector economy posted its sharpest expansion since survey data were first collected in December 2005.
Manufacturers registered their strongest growth in activity since January 2008, as the Manufacturing PMI rose to 59.8 in August from 59.1 in July.
The services Purchasing Managers' Index climbed to 65.6 in July from 60.5 in the previous month.
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