Indian private sector activity likely reached a four-month high in January due to a faster rate of expansion in new orders. The HSBC flash India PMI Output index rose to 61 in January, with manufacturing and services recording the fastest increase in aggregate sales in six months. New orders rose at a faster pace, particularly international orders. The uptick in activity also led to better expectations about the future, with business confidence rising to the second-highest mark in over a year. Additionally, employment growth improved, particularly in the service sector.