India’s Services Sector Accelerates; Exports Slow
India’s service sector regained momentum in November, pushed by strong domestic demand that helped offset the slowdown seen in October. On the other hand, the external demand weakened noticeably, underscoring an emerging split between the strength of India’s internal market and challenges in international trade. HSBC’s India Services Purchasing Manager’s Index (PMI), compiled by S&P…
Abdullah Ansari
India’s Services Sector On The Path To Resilience
The Indian service sector is witnessing solid growth because of favourable economic growth, robust demand, and an increasing intake of new projects. However, there are signs of weakness. The HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, but it is still at its highest level in the last…
