In April, India s services sector saw a slight moderation, but maintained strength due to robust domestic and international demand, boosting business confidence to a three-month high. Despite a dip in the HSBC Services PMI to 60.8 from March s 61.2, it remained among the fastest growth rates in nearly 14 years.
India's service sector activity expanded at one of the strongest paces in thirteen-and-a-half years, led by healthy demand conditions, flash survey data from S&P Global showed on Thursday.
March services activity: The report stated that March saw one of the strongest expansions in total sales and business activity, close to 14 years, helped by a series record in new export orders.
India's private sector activity expanded at the quickest pace in seven months as accelerations were evident in both the manufacturing and service sectors, flash survey data from S&P Global showed on Thursday.