The uptick in India’s Services sector moderated in April, as per the seasonally adjusted HSBC India Services Business Activity Index which dropped to 60.8 from 61.2 in March, even as firms surveyed for the index reported strong inflows of new orders, including the second-highest surge in export deals in a decade.
New business orders and output growth remained sharp and among the fastest in 14 years. A reading of over 50 on the index, compiled by S&P Global, denotes expansion in activity.
