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Services growth expands in Feb
Hindustan Times West UP
|March 06, 2025
India's services sector expanded faster in February after growing at its slowest pace in more than two years during January, a private survey released on Wednesday showed.
NEW DELHI:
The seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 59 in February from 56.5 in January, remaining comfortably above the 50-point mark that separates expansion from contraction. The index stood at 59.3 in December, 58.4 in November, 58.5 in October, and 57.7 in September.
According to the survey, new orders placed with Indian services companies rose faster during February, boosted by improving domestic and international demand.
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