India’s services sector ended 2024 on a strong footing, PMI shows
BENGALURU, Jan 6 (Reuters) – India’s dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed. The HSBC final India Services Purchasing Managers’ Index compiled by S&P Global, rose to 59.3 in December from 58.4 in November, its highest since August but lower than a preliminary estimate of 60.8. Activity in the sector has been in expansionary territory for more than three years. A 50-mark separates contraction from growth. The new business sub-index – a gauge of demand