Key Points
India's service sector growth momentum eased in February but remained robust despite a slowdown in new orders and output, according to a private survey released on Tuesday...
The seasonally adjusted HSBC India Services Business Activity Index fell to 60.6 in February from 61.8 in the previous month..
Despite the decline, service activity in February was at its second highest level in five months, but milder growth during the month clouded the business outlook..
"Due to a slowdown in growth in new orders and output, services companies' outlook for future business activity, while remaining strongly positive, weakened slightly," said Ines Lam, economist, HSBC...
While finance and insurance recorded the strongest pace of growth among all services, real estate and business services saw the slowest pace of increase in February...
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