Key Points
India's dominant services sector continued its robust performance as total sales rose at the quickest pace since June 2010, PMI data released on Thursday showed...
India's services PMI has remained above the 50-mark, which separates growth from expansion for two years...
While Indias manufacturing sector PMI dipped to 57.7 in July, robust services activity propelled the overall S&P Global India Composite PMI Output Index to a 13-year high of 61.9...
"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," noted Pollyanna De Lima, economics associate director at S&P Global Market Intelligence...
"Looking at PMI price indices in recent months, it seems that competitive advantage continued to support demand for Indian services, with increases in output prices here modest relative to several other nations," added De Lima...
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