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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.