July Services PMI rises most since June 2010 on robust global demand

According to S&P, finance & insurance sector was the "brightest spot" regarding business activity and new orders, topping the growth rankings in both instances

India's services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. 

According to S&P Global, India's purchasing managers' index (PMI) for services grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The rise in PMI was attributed to "demand strength and new business gains".

India's services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. 

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According to S&P Global, India's purchasing managers' index (PMI) for services grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The rise in PMI was attributed to "demand strength and new business gains".

India's services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. 

According to S&P Global, India's purchasing managers' index (PMI) for services grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The rise in PMI was attributed to "demand strength and new business gains".