Private sector activity at peak: PMI Output Index touches 65.2; services growth at all-time high in August

India's private sector soared to record levels in August, with the Composite PMI reaching 65.2, fueled by surging order volumes. The services sector led the charge, hitting an all-time high, while manufacturing also showed strong growth. Increased international orders and robust employment growth contributed to the positive outlook, despite rising inflation pressures and businesses remain optimistic about future market conditions.