India's service sector activity continued to expand strongly in February despite a slower rise in new orders along with a pickup in inflation, final data compiled by S&P Global showed on Tuesday.
The seasonally adjusted HSBC India Services PMI dropped slightly to 58.1 in February from 58.5 in January. Nonetheless, a score above 50.0 indicates expansion. The flash score was 58.4.
The growth in overall business activity was underpinned by efficiency gains, favorable underlying demand, rising sales, and tech projects, the survey said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.