India’s business activity surges in June on strong demand, record export orders, PMI shows

India’s private sector experienced a significant surge in activity during June, reaching a 14-month high driven by robust domestic and international demand. Manufacturing and services both saw accelerated growth, fueled by record export orders and increased hiring, particularly in the manufacturing sector. Despite this strong performance, business confidence dipped to a two-year low, reflecting tempered expectations among service providers.

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