Growth in India's dominant services sector slowed marginally in April, but remained robust due to strong demand, a private business survey released on Monday said.
The headline Purchasing Managers' Index (PMI) figure, released by HSBC, slid to 60.8 in April from 61.2 recorded in March.
The survey noted that in addition to buoyant domestic demand, firms saw new business gains from several parts of the world, which collectively underpinned the second-quickest upturn in international sales since the series started in September 2014.
"Survey members attributed the latest upturn in output to favourable economic conditions, demand strength and rising intakes of new work," the survey noted.
The April figure marks 33 months of the index remaining above the 50mark since July 2021. A figure above 50 in the index denotes expansion and below that signifies contraction in the sector.
Bu hikaye Business Standard dergisinin May 07, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 07, 2024 sayısından alınmıştır.
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