India’s composite PMI rose to 65.2 in August, a record high since 2005.
Services sector led the growth, with activity climbing to 65.6 amid strong demand.
Manufacturing PMI also strengthened to 59.8, signaling broad-based expansion.
New business and export orders surged to nearly 18-year highs.
Companies passed on costs via sharpest price hikes in over a decade.
The boom indicates rising pricing power and robust consumer confidence
The data may influence RBI to watch inflationary pressures closely.
Sectoral growth trends highlight opportunities in services-driven e
quities.
Bullish sentiment may filter into cyclical and consumption-linked sectors.
India’s private sector momentum underscores the growth story’s resilience.