India's services activity rebounds in August, hiring at over 14-year high1 min read 05 Sep 2022, 10:40 AM IST
The India Services PMI showed the pick-up in growth stemmed from a rebound in new business gains from the lifting of COVID-19 restrictions
India's dominant services industry grew faster than expected in August amid favourable demand conditions and some easing in cost pressures. The S&P Global India Services Purchasing Managers' Index or PMI index rose to 57.2 in August from four-month low of 55.5 in July, surpassing the 55.0 estimate in a Reuters poll. It remained above the 50-mark separating growth from contraction for a 13th straight month.
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