Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

India Services Expanded at a Faster Pace in December, PMI Shows

Jan. 4 (Bloomberg) -- India’s service industries expanded at a faster pace in December, a private survey showed, after the government overhauled economic policies to revive growth.

The purchasing managers’ index rose to 55.6 from 52.1 in November, HSBC Holdings Plc and Markit Economics said in a statement today. A number above 50 indicates growth. Services account for about 57 percent of gross domestic product, Finance Ministry data shows.

India’s efforts to rival China as the fastest-growing major emerging nation have been hurt by budget and trade deficits and bottlenecks that have stoked inflation. The government since mid-September has stepped up efforts to lure more foreign investment, curb subsidies and stem a drop in exports.

“There are recovery signs,” said Rupa Rege Nitsure, an economist at Bank of Baroda in Mumbai. “But sentiment is still very subdued.”

To contact the reporter on this story: Unni Krishnan in New Delhi at

To contact the editor responsible for this story: Stephanie Phang at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.