India’s services sector sees stronger growth and hiring in August
- India’s services Purchasing Managers’ Index PMI rises to 54.1 in August from 53.3 in July.
- Services hiring hits a 15-month high, as companies add more workers to meet business needs.
- New business and output grow in August, showing continued expansion in India’s services sector.
- Despite the rise, August growth is the second-weakest since March 2022, pointing to slower momentum.
Source: firstpost.com
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