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India Services Expands at Fastest in 11 years on Demand Revival

  • S&P Global services PMI rose to 59.2 in June from 58.9 in May
  • Input costs continued to rise at a historically elevated pace

India’s services activity expanded at the fastest pace in more than a decade, even as rising prices pose risks to the demand revival.

S&P Global India Purchasing Managers Index for services rose to 59.2 in June from 58.9 in May. A number above 50 shows expansion, while a print below that shows contraction in activity.