Growth in India's services sector accelerates in Feb on stronger demand

Quick Summary:

The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 59 in February from a 26-month low of 56.

The index has remained above the neutral 50 mark, which separates contraction from expansion, for 43 consecutive months.

India's services sector growth improves to 59 in Feb; overall PMI 58.

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Article Details

Category: BusinessFinance

Markets: India

Topics: February PMI Feb services PMI Services PMI Feb 2025 services PMI Overall Pmi February 2025 PMI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 11:18:11 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26674965

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