India’s services sector stays in expansion in March, growth momentum eases
NEW DELHI: India’s services sector continued to expand in March, supported by strong international orders and rising business confidence even as domestic new‑business growth eased, a report said on Monday.
The HSBC India Services PMI report compiled by S&P Global said that India Services PMI or the headline figure remained above its long‑run average of 54.4.
The seasonally adjusted HSBC India Services PMI Business Activity Index eased from 58.1 in February to 57.5 in March.
Firms reported increased job creation at the fastest pace since mid‑2025 and the strongest outlook for output in almost 12 years.
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