NEW DELHI:
Output growth increased during the month as firms recruited additional workers, indicated an HSBC survey of 400 service providers.
The HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 59.3 in December, up from 58.4 in November, 58.5 in October, and 57.7 in September.
It has been above the 50-point threshold that distinguishes expansion from contraction for 41 straight months.
During December, there was a softer increase in cost burdens, though greater outlays on food, labour, and materials were reported as selling price inflation also eased during the month, the survey said.
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Denne historien er fra January 07, 2025-utgaven av Hindustan Times West UP.
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