The most recent data for the HSBC India Services Purchasing Managers' Index (PMI) has been released, showing a positive trend in the country's services sector. The indicator has reached 61.7, which is a slight increase from the previous figure of 61.2 reported in April 2024. This data indicates continued growth in India's services industry.
While the specific date of the event is not provided, the latest update on the indicator was made on 23 April 2024. The HSBC India Services PMI tracks changes in activity levels across the services sector, with a reading above 50 indicating expansion and below 50 indicating contraction. The rise in PMI numbers suggests that businesses in the services sector are experiencing growth and increased economic activity in India. Investors and economists will be closely watching future PMI data to assess the health of the country's services industry and its overall economic performance.
