You are here: Home » Reuters » News
Business Standard

India services activity rises in October on higher demand


REUTERS - India's dominant services industry activity expanded at its fastest pace in four months in October as demand continued to strengthen despite accelerating price pressures, a business survey showed on Friday.The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 51.7 last month - its highest since June - from 50.7 in September.In July and August, the index was below the 50-mark that separates growth from contraction.During those months, confusion over product pricing following the implementation of the new Goods and Services Tax pushed manufacturing and services sectors ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, November 03 2017. 10:32 IST