Service activity eases to 60.6 in February; optimism dips

India's services activity eased to a reading of 60.6 in February, down from 61.8 in the previous month, according to a private survey. While the seasonally adjusted HSBC India Services Business remained above the 50 level indicating expansion, the milder growth affected business outlook. International sales, however, saw one of the highest rates of expansion in nearly 10 years
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