New Delhi: India’s business activity accelerated to a three-month high in July as the services sector surged and manufacturing picked up momentum leading to companies hiring at the fastest pace in 18 years, according to the latest HSBC’s survey. HSBC’s flash India composite purchasing managers’ index compiled by S&P Global, rose to 61.4 this month from June’s final reading of 60.9, marking three years of continuous expansion. “The Flash Composite Output Index signalled continued robust growth in India’s private sector. The rise in output in July was led by a further increase in business activity in the manufacturing sector, while the pace of expansion in services output also accelerated and
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