Key Points
NEW DELHI: India's services sector posted one of the strongest expansions in total sales and business activity in nearly 14 years in March, led by buoyant demand and record export orders, a private survey showed Thursday...
The seasonally adjusted HSBC India Services Business Activity Index rose to 61.2 in March from 60.6 in February..
The HSBC India Composite PMI Output Index rose to 61.8 in March from 60.6 in February, the second-strongest growth in over 13-and-a-half years..
"India's services PMI rose in March, following a small dip in February, on the back of strong demand that spurred sales and business activity," said Ines Lam, economist at HSBC...
As per the report, consumer services saw the highest rate of input cost inflation while finance and insurance topped rankings for selling prices...
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