India Services Activity Rises to Highest in Almost 13 Years
- Firms became more optimistic toward future business activity
- Finance and insurance sectors see strong demand for services
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India’s services activity accelerated at the quickest pace in almost 13 years in April, signaling that stronger demand for everything from technology to finance will keep Asia’s third-largest economy firmly on the path to world-beating growth.
The S&P Global India services purchasing managers’ index rose to 62 last month, the strongest level since June 2010, according to a statement Wednesday. The gauge was at 57.8 in March.