India's private sector activity accelerated at its fastest pace in over a year in May, driven by robust expansion in services even as price pressures intensified, a survey showed on Wednesday. HSBC's Flash India Composite Purchasing Managers' Index (PMI),

India’s private sector is on track to record its sharpest expansion in over a year, with the HSBC Flash India Composite PMI Output Index climbing to 61.2 in May, up from 59.7 in April, according to data released by S&P Global on Thursday.