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HSBC India Services PMI At 58.5 In March

  • The HSBC India Services PMI Business Activity Index registered 58.5 in March, indicating a sharp rate of expansion.
  • The HSBC India Composite PMI Output Index increased to a seven-month high of 59.5, signaling above-trend growth.
  • Buoyant underlying demand and ongoing increases in new business supported output and sales growth.
  • The level of positive sentiment slipped to a seven-month low, and hiring activity was pared back in March.

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