India's services sector activity strengthened in January, with the Services Purchasing Managers' Index (PMI) rising to a two-month high of 58.5, while the Composite PMI, which combines manufacturing and services, increased to 58.4, according to data released by HSBC.
Growth in India's services sector eased in September as the HSBC India Services Purchasing Managers' Index (PMI) fell to 60.9 from 62.9 in August, according to data released by HSBC on Monday.
India's services sector continued to expand in July, although employment growth slowed to its weakest pace in 15 months, according to the HSBC India Services PMI released on Tuesday.
India's services sector ended 2024 on a strong note, with the HSBC India Services Business Activity Index rising from 58.4 in November to 59.3 in December, according to the HSBC PMI survey.
India's services sector witnessed a robust performance in October, as the Service PMI index surged to 58.5, up from a ten-month low of 57.7 in September, according to HSBC India Service PMI.