India's service sector growth at 7-year high in Jan

The IHS Markit India Services Business Activity Index rose from 53.3 in Dec to 55.5 in January, signalling the strongest upturn in output in seven years, driven by sharp increase in new business order. Meanwhile, the Composite PMI Output Index that maps both the manufacturing and services sector increased from 53.7 in Dec to a seven-year high of 56.3 in Jan.

from Times of India https://ift.tt/386h8w4