India's Private Sector Surges in February, Driven by Manufacturing Boom: PMI

• India's private sector accelerated in February, with the HSBC flash India Composite PMI rising to 59.3, its strongest in three months.
• Robust demand for goods fueled the growth, pushing manufacturing output to a four-month high, while services growth remained steady.
• Total new orders increased at the quickest pace since November, supported by strong demand, local tourism, and marketing efforts.
• Hiring accelerated, and business optimism reached a one-year high, reflecting positive sentiment for future activity.
• Inflationary pressures intensified, with input costs rising at their fastest rate in 15 months, particularly impacting services firms.