Key Points
India's service sector recorded its highest activity level in 13 years in July, as demand improved domestically and internationally..
Companies operating in the sector attributed the uptick to marketing initiatives and demand strength from Bangladesh, Nepal, Sri Lanka and the UAE...
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose to 62.3 in July compared with 58.5 in June, data released on Thursday showed...
"The resilience of the service sector underscores its vital role in fuelling India's economy, with the PMI results for July so far pointing to a notable contribution from the sector to overall GDP for the second fiscal quarter," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence...
Gaining momentumService activity rises to its highest level since June 2010International orders expand at the second fastest pace since September 2014UAE, Bangladesh, Sri Lanka and Nepal bolster demandEmployment and inflation concerns remain..
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