India's services activity expanded at the fastest pace in nearly a year in July amid strong growth in international sales, final data compiled by S&P Global showed on Tuesday.
The seasonally adjusted HSBC India Services PMI rose to 60.5 in July from 60.4 in June. The flash score was 59.8. A score above 50.0 indicates expansion.
New orders logged sustained growth in July, underpinned by fruitful advertising, demand buoyancy, and new client onboarding. Export orders grew at the second-fastest pace in a year amid more demand from Asia, Canada, Europe, the UAE, and the US.
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