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The Hindu

National

PTI

India's services sector growth eases in February on softer expansions in business activity, sales

The services sector growth in India moderated in February amid softer expansions in business activity, sales and jobs, a monthly survey said on Tuesday, March 5, 2024.

The seasonally adjusted HSBC India Services Business Activity Index registered 60.6 in February, down from 61.8 in January.

In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

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