Hiring resumes as Services PMI edges higher

New Delhi: The seasonally adjusted HSBC India Services PMI touched a two-month high of 58.5 in the month of January, from December’s 58.0, noting quicker expansions in new business intakes and output, the S&P Global data showed on Wednesday.

Service providers in India welcomed a recovery in growth during January. They were also more upbeat towards the outlook and hired additional staff.