A sharp acceleration in the services sector has led to India’s private sector activity gathering pace in May, posting the third strongest surge in 14 years. The month under discussion also saw the steepest increase in job creation since September 2006, according to a survey released by HSBC on Thursday.The headline flash composite PMI (Purchasing Managers' Index) rose to 61.7 compared with 61.5 in the previous month, the survey noted.The index measuring the month-on-month change in the combined... Read this story
