New Delhi, Feb. 4 -- India's services sector recovered in January, after hitting an 11-month low in December, as new business intake and output rose amid a demand push, a private survey showed on Wednesday.
The HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.5 in January from 58.0 in December.
The index has remained above the 50-point threshold separating expansion from contraction for over four years, signalling the sector's sustained resilience despite headwinds.
While growth has returned, input costs and selling prices rose at a more measured pace, and firms stayed optimistic about future prospects, the survey noted.
Overall, input costs increased at the fastest pace since last September, al...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.