India’s services sector maintains strong momentum in May; job...

India’s services sector maintains strong momentum in May; job creation hits record high

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India's services sector performed well in May. The HSBC India Services PMI Business Activity Index increased. This indicates growth in activity, hiring, and international demand. Companies hired more staff at a record pace. Export orders surged, especially from Asia, Europe, and North America. Businesses are optimistic about future activity. The HSBC India Composite PMI Output Index was 59.3 in May.

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