India's Services sector PMI surges to 58.7 in April; sees...

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India's Services sector PMI surges to 58.7 in April; sees stronger growth

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India's services sector started fiscal year 26 strongly, with April's PMI reaching 58.7, driven by increased demand and new orders. The finance and insurance sectors led growth, while new export orders surged, particularly from the US, Asia, Europe, and the Middle East. Although input prices rose moderately, firms increased selling prices.

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