India's service sector growth accelerated to more than a 15-year high in August on the back of surging new orders, final data compiled by S&P Global showed on Wednesday.
The seasonally adjusted HSBC India Services PMI rose to 62.9 in August from 60.5 in July. The flash score was 65.6. A score above 50.0 indicates expansion.
The latest upturn was driven by demand buoyancy, efficiency gains, and greater inflows of new business, the survey said.
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