India’s services industry continued to expand in April, supported by robust domestic and international demand. The HSBC final India Services Purchasing Managers’ Index (PMI) fell slightly to 60.8 in April from 61.2 in March, but remained one of the highest growth rates in nearly 14 years. New business sub-index reached a three-month high, indicating positive market conditions. While global demand remains strong, export orders moderated slightly. Despite strong business optimism, job creation remained muted. Input costs increased at a rapid pace, but firms were able to pass on some of the burden to customers.