Here's a breakdown of why India's business activity grew faster in June and job creation hit an 18-year high, based on the Purchasing Managers' Index (PMI):

Here's a breakdown of why India's business activity grew faster in June and job creation hit an 18-year high, based on the Purchasing Managers' Index (PMI):

**Growth:**

* **PMI:** The key indicator is the HSBC flash India Composite PMI, which rose to 60.9 in June. This is σημαντικό (simantiko, Greek for significant) because a score above 50 indicates expansion. It's been above this level for nearly three years, signalling consistent growth.

* **Manufacturing & Services:** Both sectors contributed to the upswing. The manufacturing PMI climbed to 58.5 from 57.5 in May, while the dominant services sector rose to 60.4 from 60.2.

**Job Creation:**

* **18-Year High:** This is the most important statistic. Companies are hiring at the fastest pace since April 2006, reflecting strong demand and business growth.

**Reasons for Growth:**

* **Rising Demand:** There was a robust expansion in both manufacturing output and new orders. This suggests businesses are busy fulfilling customer demand.

* **Export Growth:** New export orders grew for the 22nd consecutive month, indicating strong international demand for Indian goods.

* **Business Confidence:** Firms are optimistic about the future, which translates into increased hiring and investment.

**Overall:**

This PMI data paints a positive picture of the Indian economy at the start of the new financial year. The combined growth in manufacturing and services, coupled with the surge in job creation, suggests a strong momentum. However, it's important to note that this is just one data point, and future economic conditions can always change.