India’s Business Boom Will Make Your Jaw Drop!
India's economic performance concluded 2024 on a promising note, with private sector output experiencing significant expansion and robust indicators across multiple economic segments. The HSBC December flash Composite Purchasing Managers' Index (PMI) reached 60.7, demonstrating strong economic activity. This reading, which is above the critical 50-point threshold separating growth from contraction, indicates sustained economic momentum across manufacturing and services sectors. Both the manufacturing and services sectors showed notable improvements. The services sector PMI rose to 60.8, while manufacturing reached 57.4, reflecting increased production, new orders, and employment opportunities. Service providers particularly drove sales growth, with new business indices reaching their highest levels since January. Economists observed several positive trends. The economy experienced faster growth in domestic orders, suggesting improving economic dynamics. International demand for goods and services also contributed to the positive outlook, with merchandise exports increasing more rapidly compared […]