Indian service Sector Purchasing Managers’ Index (PMI) recorded a figure of 61.2 in May, according to S&P Global. While slightly lower than April’s reading of 62, May’s figure marks the second-highest level since June 2010. This sustained expansionary trend is significant, as a PMI reading above 50 indicates growth in the services sector. In fact, India has been in the expansion zone for 23 consecutive months since August 2021. The latest PMI data reflects the resilience of demand, impressive output growth, and job creation in India’s dynamic service sector.