New Delhi, Oct 6
India’s services sector activity remained steady in September, with the HSBC India Services Purchasing Managers’ Index (PMI) standing at 60.9, according to data released by S&P Global on Monday.
Pranjul Bhandari, Chief India Economist at HSBC, said business activity in the services sector remained strong even though it was slightly lower than the recent high seen in August.
“Most trackers moderated, but nothing in the survey suggested there is a big loss in growth momentum in services,” she said.
“Instead, the Future Activity Index rose to its highest level since March, indicating strengthening optimism among services companies about business prospects,” she added.