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In April, India's services sector saw a slight moderation, but maintained strength due to robust domestic and international demand, boosting business confidence to a three-month high. Despite a dip in the HSBC Services PMI to 60.8 from March's 61.2, it remained among the fastest growth rates in nearly 14 years.
Buoyant domestic demand ensured a strong start for the fiscal, with the manufacturing activity easing slightly to 58.8 in April compared with 59.1 in the previous month, according to results of a private survey released Thursday.
India's manufacturing activity expanded at the second-fastest pace in three-and-a-half years, bolstered by strong demand conditions, survey results from S&P Global showed on Thursday.
India's private sector activity expanded at the quickest pace in nearly fourteen years, boosted by positive demand trends across the manufacturing and services sectors, flash survey data from S&P Global showed on Tuesday.
India's service sector activity expanded at one of the strongest paces in thirteen-and-a-half years, led by healthy demand conditions, flash survey data from S&P Global showed on Thursday.