The HSBC India Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies.

The seasonally adjusted HSBC India Services Purchasing Managers’ Index rose to 59 in February from 56.5 in January, remaining comfortably above the 50-point mark that separates expansion from contraction.

The seasonally adjusted HSBC India Services PMI Business Activity Index climbed to 59.0 in February, recovering from a 26-month low of 56.5 recorded in January.