As per HSBC Flash PMI data for August, India's private sector posted its sharpest expansion in nearly two decades. The HSBC Flash Composite PMI surged to 65.2 in August from 61.1 in July. Growth was powered by record new orders, booming exports, strong job creation. Pricing power also strengthened, with output charge inflation at 12-year high, signalling resilience despite inflationary headwinds.