Activity in India's services industry bounced back to modest growth in December after contracting in the previous month, a private survey showed on Thursday, as new business orders stabilised and price increases slowed. The Nikkei/IHS Markit Services Purchasing Managers' Index, which is based on a survey of private sector companies in Asia's third-largest economy, rose to 50.9 in December from 48.5 in November. The 50 mark separates growth from contraction. However, expansion in just some industries such as information & communications and finance & insurance ...
Services bounce back to growth in December on fresh biz, reveals PMI
However, expansion in just some industries such as information & communications and finance & insurance primarily drove overall business activity
Reuters Last Updated at January 4, 2018 12:01 IST