Posted 4/4/2024, 7:18:00 AM
India's Services Sector Booms in March with Faster Growth, More Hiring
- Services PMI in India grows at faster pace in March, indicating strong expansion of services sector
- Employment increases at fastest rate in 7 months in March
- Robust domestic demand drives growth in new business and sales activity
- Firms ramp up hiring at quickest pace in 7 months due to rising business activity
- Input costs rise at sharpest rate since July 2017, prompting firms to increase output prices
