The Economic Times

India services activity hits 5-month high in April on strong domestic demand: HSBC PMI

India's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new orders fueled this expansion. Manufacturing activity also improved. The combined economic activity showed renewed momentum. Service providers are optimistic about future demand. However, concerns about global conflicts and rising costs persist. Input costs increased, but firms absorbed some of these expenses.