According to a preliminary survey released by HSBC on Wednesday, India's economic activity accelerated in September, regained growth momentum after a slowdown in recent months, and both manufacturing and service sentiment rebounded. The service sector purchasing managers' index rose to 55.8 from 54.8 in August, and the manufacturing purchasing managers' index climbed to 55.7 from 52.8 last month. As a result, the composite index reached 56.5, compared to 54.3 in August. The index is a leading indicator of private sector economic activity. It is based on preliminary feedback from the survey and may be revised when the final PMI data is released next month. An index above 50 indicates economic expansion, while an index below 50 indicates contraction.

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