India, June 4 -- India's service sector activity expanded at a broadly steady pace in May on the back of robust international demand, final data compiled by S&P Global showed on Wednesday.
The seasonally adjusted HSBC India Services PMI rose marginally to 58.8 in May from 58.7 in April. The flash score was 61.2. A score above 50.0 indicates expansion.
The survey revealed that the sustained growth in May was underpinned by healthy demand conditions, new client wins, and greater staffing capacity.
New orders grew at a sharp pace amid fruitful advertising, demand strength, and repeat orders from existing clients. There was a near-record improvement in foreign demand for services amid higher demand from Asia, Europe, and North America in par...