India's service sector grew at the fastest pace in more than 11 years in May, underpinned by a strong growth in demand following the reopening of the economy after the COVID-19 lockdowns, survey results from S& P Global showed on Friday.
The services Purchasing Managers' Index rose to 58.9 in May from 57.9 in April, while the reading was forecast to fall to 57.5.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com