India’s service activity grows at fastest pace in 18 months

Indian service sector growth resumed in August as the pandemic continued to recede and vaccine access improved. Moreover, the latest reading pointed to a marked rate of expansion that was the fastest in one-and-a-half years, PMI survey by IHS Markit showed. Companies indicated that the reopening of several establishments and increased consumer footfall boosted sales, which in turn supported the first expansion in output in four months and a rebound in business confidence.

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