India, April 4 -- India's service sector activity continued to expand strongly in March amid strong demand conditions, final data from S&P Global showed on Friday.
The HSBC final services Purchasing Managers' Index dropped to 58.5 in March from 59.0 in the previous month. However, a reading above 50 indicates expansion in the sector. The flash score was 57.7.
During March, the overall upturn was driven by buoyant underlying demand and ongoing increases in new business.
Despite rising at a slower pace than February, the growth in sales was sharp. The slowdown in growth was due to weaker sales gains in international sales as the new export orders grew at the softest pace in fifteen months.
On the price front, charge inflation eased to the...