India’s services sector PMI rises to 61.2 in March, driven by robust export demand, according to an HSBC Bank survey. The growth marks 32 consecutive months above the 50-mark, indicating expansion. The survey highlights strong sales and business activity, with March experiencing one of the most substantial expansions in over a decade. The composite PMI output index also increases to an eight-month high of 61.8. The positive trend reflects buoyant demand and efficiency gains, contributing to the sector’s resilience at the end of the fiscal year.
India’s Services Sector PMI Surges to 61.2 in March on Record Export Demand
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