Data released on March 5th revealed that India’s services sector continued its expansion in February, as indicated by the HSBC Purchasing Managers’ Index (PMI) registering at 60.6.
Although slightly lower than the flash estimate of 62.0 released on February 22nd, the February services PMI remains above the crucial threshold of 50, indicating expansion in activity for the 31st consecutive month.
In January, the services PMI had recorded at 61.8, showcasing sustained growth in the sector.
