1 min read.Updated: 05 Jul 2022, 11:31 AM ISTLivemint( with inputs from Reuters )
PMI survey: S&P Global India Services PMI or Purchasing Managers' Index rose to 59.2 in June from 58.9 in May
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India's dominant services sector expanded at the fastest pace in over 11 years in June amid improvements in demand conditions, according to a private survey. But inflation remained a concern as prices charged rose at the sharpest rate in almost five years, the survey showed. S&P Global India Services PMI or Purchasing Managers' Index rose to 59.2 in June from 58.9 in May, the highest since April 2011, beating expectations. A Reuters poll had predicted a dip to 58.7. A reading of more than 50-mark separates growth from contraction.
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