India’s services sector expanded for the first time in eight months in October as shopping malls and restaurants reopened following the lifting of lockdown curbs, in yet another indicator of a recovery underway in Asia’s third-largest economy.
India’s services sector expanded for the first time in eight months in October as shopping malls and restaurants reopened following the lifting of lockdown curbs, in yet another indicator of a recovery underway in Asia’s third-largest economy.
The purchasing managers’ index (PMI) for services rose to 54.1 from 49.8 in September, according to data analytics firm IHS Markit. It was the highest reading since February’s 57.5. A reading above 50 indicates expansion.
Source: Hindustan Times
