Robust demand propels India's services sector growth in February, PMI shows

India's services sector growth accelerated in February due to strong demand and a positive business outlook, leading to significant hiring. The HSBC services PMI rose to 59.0 from January's 56.5. Global demand boosted output growth, and employment expanded. Despite a four-month low in cost price inflation, charge inflation increased. Composite PMI also rose, reflecting overall economic resilience.