New Delhi: India’s crucial services sector expanded at its fastest pace in 11 years as demand conditions strengthened but price pressures continued to pose a concern, a survey showed on Tuesday.
Rising from 58.9 in May to 59.2 in June, the S&P Global India Services PMI business activity index was at its highest mark since April 2011 and signalled a steep rate of increase. The acceleration in growth was broad-based across the four monitored sub-sectors. According to panellists, the upturn stemmed from ongoing improvement in demand following the retreat of pandemic restrictions, capacity expansion and a favourable economic environment. The survey is compiled from responses to questionnaires sent to a panel of around 400 service sector companies.
Bu hikaye The Times of India Mumbai dergisinin July 06, 2022 sayısından alınmıştır.
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Bu hikaye The Times of India Mumbai dergisinin July 06, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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