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The vast services sector, which provides about 48% of jobs in China, enjoyed a strong rebound earlier this year but analysts say the sluggish household income growth and uncertain job market raise questions over the sustainability of the industry's growth.
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The services sector in India experienced its fastest growth in over 13 years in September, according to a survey. The S&P Global India Services PMI bu
India's services sector showed strong growth in September, with the S&P Global India Services PMI Business Activity Index rising to 61, its highest level in over nine years. The increase in new business and output growth contributed to the positive sentiment. The survey also revealed that service firms are optimistic about market dynamics and expect buoyant demand in the coming months.