India’s services activity expanded at its fastest pace in five months in April, helped by stronger domestic demand, higher ecommerce activity, and improved new order inflows, according to the HSBC India Services PMI released on Wednesday. The seasonally adjusted index rose to 58.8 in April after touching a 14-month low of 57.5 in March.
Growth was driven by stronger domestic demand, new orders, competitive pricing, and increased ecommerce activity, even as export growth weakened and cost pressures remained elevated due to the West Asia war
