Mumbai, June 4 -- Indian services growth broadly steadied in May, with rates of expansion in new business and activity little-changed from those seen in the prior three months.
A key area of strength was exports, with survey participants reporting one of the strongest improvements in international demand in 19-and-a-half years of data collection.
The latest results also revealed a fresh record-rise in employment, as firms continued to adjust operating capacities in line with ongoing increases in sales.
Price gauges showed an intensification of input cost and output charge inflation, with rates of increase edging above their historical averages in each case.
Registering 58.8 in May, the seasonally adjusted HSBC India Services PMI Busines...