India's services sector experienced its fastest growth in five months this August, driven by resilient demand and easing inflationary pressures, according to HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global. India's PMI climbed to 60.9 in August, up from July's 60.3, surpassing the preliminary estimate of 60.4.
This marks the highest PMI level since March and extends the sector's expansion streak, which has been sustained above the 50-mark separating growth from contraction since August 2021.
