New Delhi, May 7 -- The services sector has continued its robust performance. Driven by domestic as well as foreign demand, the HSBC final India Services PMI came in at 60.8 in April. In the previous month, the index had stood at 61.2, but the April figure is higher than February's 60.6, and in fact, it is good to see that the sector has been registering growth since August 2021, consistently remaining above the 50-mark, which indicates growth rather than contraction.
A recent report by global investment banking major Goldman Sachs rightly points out that in the last few years the Indian services sector has acquired a new dimension by diversifying its portfolio and increasing its global footprint. It points out that while global services e...