India's services sector demonstrated robust growth in August, with the HSBC India Services Business Activity Index rising to 60.9, marking its strongest expansion since March.
According to HSBC, this index, which has now remained in expansion territory for thirty-seven consecutive months, reflects the ongoing momentum in the sector, underpinned by productivity gains and positive demand trends.
The August reading of 60.9, up from 60.3 in July, is above the long-run average, indicating a strong and resilient services economy.
Pranjul Bhandari, Chief India Economist at HSBC, commented on the findings, stating, "The Composite PMI for India continued to show strong growth in August, driven by accelerated business activity in the service sector, which experienced its fastest expansion since March.
هذه القصة مأخوذة من طبعة September 05, 2024 من The Daily Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 05, 2024 من The Daily Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Trump Picks Ramaswamy And Musk To Lead DOGE
US President-elect Donald Trump has announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE, aimed at improving governance and curbing wasteful expenditures.
Technology As A Game-Changer For Brands Facing High Return Rates
As e-commerce continues to grow, so does a problematic trend that impacts brands' bottom lines: returns.
Gambhir Is Prickly Character, Never Took Dig At Kohli: Ponting
Responding to Gautam Gambhir's jibe at him, former Australia skipper Ricky Ponting on Wednesday said the India head coach was a "prickly character" and insisted that his comments on Virat Kohli should not be construed as a dig on the star batter, who himself would be worried about his prolonged lean patch.
US polls: Harris and Trump in tight contest in Georgia, North Carolina
With just a few days to go for the United States elections, a staggering 61.0 million Americans have already made their voices heard by casting their ballots in the November election.
Golf: Indian Open from March 27 to 30
The DP World Tour announced its 2025 calendar on Tuesday according to which the Indian Open tournament will be organised from March 27 to 30.
Aishwary-Sanjeeta strike gold in World University Shooting Championship
Olympian Aishwary Pratap Singh Tomar and Sanjeeta Das combined to give India a gold medal in the 10m air rifle mixed team event as the hosts claimed their third top-podium finish at the World University Shooting Championship here on Wednesday.
ATP Finals: Medvedev bounces back with win over Minaur in 2nd group stage match
Russian star Daniil Medvedev produced a measured performance to outdo Australian Alex de Minaur at the ongoing ATP Finals men's singles competition on Tuesday.
Gujarat Titans appoint Parthiv Patel as assistant coach for IPL
Indian Premier League (IPL) franchise Gujarat Titans announced former Indian cricketer Parthiv Patel as the team's assistant coach ahead of the IPL 2025 mega auction which is scheduled to take place on November 24 and 25 in Jeddah, Saudi Arabia.
INDIA START PRACTICE AHEAD OF 1ST TEST AGAINST AUSTRALIA
Team India stars started their practice session at Perth ahead of the highly-anticipated first Test against Australia at the Optus Stadium.
Amandeep Johl appointed CEO of Professional Golf Tour of India
The Professional Golf Tour of India (PGTI) on Wednesday announced the appointment of Amandeep Johl as its new Chief Executive Officer (CEO) from January 2025.
