New Delhi: India’s services sector recorded an impressive rise from 57.2 in January to 59.4 in February on strong demand as price pressure eased, a survey pointed out.

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011.

It was above the 50-mark separating growth from contraction for a 19th straight month, its longest stretch of expansion since June 2013.

Although new business surged at its quickest rate in eight months, firms only increased hiring marginally and business confidence was the lowest in seven months.

However, input costs rose at their slowest pace since September 2020, enabling firms to raise prices charged at the weakest rate in a year.

Strong growth in services activity boosted the composite index to 59.0 in February from January's 57.5, despite manufacturing growth slowing to a four-month low.

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