India’s private sector ended 2024 on a robust footing, with the HSBC Flash India Composite Output Index rising to 60.7 in December, up from 58.6 in November. This marks the strongest expansion since August 2024, according to HSBC data compiled by S&P Global.

The country’s private sector showed significant growth in both manufacturing and services, buoyed by a surge in new business inflows and notable job creation. The December figures highlight India’s economic resilience and steady recovery, ANI reports.