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Growth in Indian service sector has increased

March 04, 2020

Growth in Indian service sector has increased

Growth in the Indian services sector has increased last year and the expectations index strengthened six months high.

The Nikkei/IHS Markit Services Purchasing Managers’ Index increased to 57.5 in February which was the highest reading since January 2013.

Pollyanna De Lima, a principal economist at IHS Markit, said, “There is a huge demand for services in foreign as well as domestic markets and positive gains will help the private sector to grow rapidly”.

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