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Services sector rebounds in Apr
Mint Chennai
|May 07, 2025
Tepid expansion India's services sector activity rose in April compared to the previous month.
India's services sector rebounded in April after a March slowdown, driven by increases in new business and output, a private survey showed on Tuesday.
The seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI) rose to 58.7 in April from 58.5 in March, staying well above the 50-mark that signals expansion, though still below February's 59.
The index stood at 56.5 in January, 59.3 in December, 58.4 in November, 58.5 in October, and 57.7 in September.
Business activity in services picked up slightly in April after a March slowdown, driven by a faster rise in new orders and a corresponding uptick in employment.
This story is from the May 07, 2025 edition of Mint Chennai.
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