India’s Services Sector Expands, Boosting Economy, PMIs Show
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India’s services activity climbed to a four-month high in May, boosting economic growth, a flash survey by HSBC Holdings Plc. showed.
The services purchasing managers’ index climbed to 61.4 from 60.8 last month, while the manufacturing purchasing managers’ index eased to 58.4 from 58.8 in April. The composite index jumped to 61.7.