India's services sector grew at a robust pace in September, as a positive demand environment boosted intakes of new business and output volumes, according to the S&P Global survey released on Thursday.The seasonally adjusted S&P Global .
New Delhi/UNI: India's services sector activities continued to be strong in the month of September 2023 driven primarily by robust domestic demand and an upturn in demand from overseas clients.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output
The services sector growth in India rose to a 13-year high in September on sharp increase in new business amid strong demand conditions, and job numbers continued to increase as overall business mood improved, a monthly survey said on Thursday.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output.
In Purchasing Managers Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.