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.
Denne historien er fra September 05, 2024-utgaven av The Business Guardian.
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Denne historien er fra September 05, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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CHHATH SPARKS WAR FOR PURVANCHALI VOTES BETWEEN AAP AND BJP
AAPaccused the BJP of preventing devotees from Hauz Khas village from celebrating the festival ata park where it used to be observed for many years.
MCD unveils digital initiatives to streamline property tax collection for residents
The Municipal Corporation of Delhi (MCD) has introduced a comprehensive suite of digital tools to make property tax collection more efficient and transparent, providing Delhi residents with easier and more accessible management of property tax matters.
Air pollution in spike during Chhath Puja
Sixteen weather stations recorded an AQI abooe 400 with seoen more stations seeing the air quality deteriorate to a \"severe\" leoel by evening.
Govt to hire mist spray drones
The Delhi government is going to hire three mist spray drones to combat dust pollution in hotspot areas as well as gather real-time data on major pollutants, officials said on Thursday.
AAP MLA Jai Bhagwan Upkar booked for assaulting MCD officials
The Delhi Police on Wednesday registered an FIR against Aam Aadmi Party MLA Jai Bhagwan Upkar for allegedly assaulting an official of the Municipal Corporation of Delhi (MCD) during an inspection at a meat house in Shahbad Dairy.
15-20% rise in respiratory issues: AIIMS
Dr Madan also advised patients with respiratory problems to stay indoors and avoid exposure to outdoor activity.
Supreme Court Explains: When Can A Judgement Be Held Per Incurium?
The Supreme Court in the case National Federation of Indian Women v. Union of India & Ors was hearing the Public Interest Litigation, PIL filed by National Federation of Indian Women, NFIW raising alarm over the alleged increase in cases of lynching and mob violence, particularly by 'cow vigilantes'.
HC jails lawyer for 4 months over contemptuous remarks
The Delhi High Court has held a lawyer guilty of criminal contempt, sentencing him to four months' imprisonment for \"scandalising and lowering the dignity\" of courts through his remarks against judges.
Supreme Court Explains: When Can A Judgement Be Held Per Incurium?
The Supreme Court in the case M/S Bajaj Alliance General Insurance Co Ltd. versus Rambha Devi And Ors delivered the judgment wherein explaining when a judgment can be held as per incurium.
Punjab And Haryana High Court Warns Of Rs50K Cost On Officer If Direction To Initiate Punjab Municipal Polls Is Not Compiled In 10 Days
The Punjab and Haryana High Court in the case Beant Kumar Alias Beant Kinger Verus Raj Kamal Chaudhuri And Others observed and has imposed the cost for an amount of Rs.50,000 if direction to initiate the process of holding elections by notifying election programmes in all the Municipalities and Municipal Corporations in Punjab is not complied.
