Key Points
New Delhi, Feb 5 (PTI) The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday.. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, up from 59 in December, pointing to the sharpest rate of expansion in six months...
The survey is compiled from responses to questionnaires sent to a panel of around 400 service sector companies...
The new export business index accelerated, signalling that Indias services exports remained robust, Ines Lam, Economist at HSBC, said.. New export sales rose at the fastest pace in three months..
Meanwhile, the HSBC India Composite PMI Output Index rose from 58.5 in December to 61.2, indicating the sharpest upturn since mid-2023...
January data highlighted a further acceleration in growth of Indian private sector output, amid quicker increases at both goods producers and service providers, the survey said...
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