India’s Services Engine Accelerates 🚀

India’s services sector growth hit a 2-month high as the HSBC Services PMI rose to 58.5 in January (vs 58.0 in December). 🔍 What’s driving the momentum? • Strong demand conditions • Fresh inflow of new business • Rising tech and digital investments 📈 Big picture: With services forming the backbone of India’s GDP, sustained PMI expansion signals resilience in domestic consumption and corporate spending. As long as PMI stays comfortably above 50, the growth narrative remains firmly intact.