"India's service sector ended the first three months of 2015 with a strong performance, providing signals that much of the weakness seen in 2014 has been left behind," said Pollyanna De Lima, economis...
According to a principal economist, key drivers of industrial production such as auto sales and exports foretell a disappointing outlook for industrial growth.
The factory activity slipped as new orders rose at a weaker rate despite factories keeping price increases to a minimum, the HSBC PMI survey showed.
The HSBC Manufacturing Purchasing Managers' Index, which gives a single-figure snapshot of manufacturing business conditions, rose to 54.5 in December.
The latest survey of 36 economists forecast that the country's retail inflation cooled from October's 5.52 per cent to an annual rate of 4.50 per cent.
New orders were supported by strong domestic demand for consumer goods while foreign orders remained robust. The sub-index soared to a 21-month high of 56.2 from October's 53.0.
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
The HSBC Services Purchasing Managers' Index, compiled by Markit, jumped to a 17-month high of 54.4 in June from 50.2 in May. This was the biggest one-month rise in the index in four years.
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