May 6, 2025 2:38 PM
India’s services sector sees stronger growth in April as PMI rises to 58.7: HSBC
India’s services sector regained momentum in April after a brief slowdown in March, according to the latest HSBC Services PMI data released by S&P Global. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in business activity. The latest reading is also well above the long-run average of 54.2. “After experiencing a slowdown in March, growth of business activity in the Indian se...