India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth.

In contrast, the new economy, defined by the boom in services exports post-Covid, experienced robust growth in 2022-23. Outsourcing 2.0 has been a key driver, with India emerging as the world's largest hub for global capability centres (GCCs), which do high-end offshore services work.

India's private sector growth accelerates, boosting economy with strong demand, record jobs, and positive outlook for 2025.

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth.

India’s economic activity gained pace in December, as demand for goods and services continued to improve driven by new orders, a flash survey by HSBC Holdings Plc showed.

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms