India's services sector posts growth after seven months
Updated Nov 05, 2020 11:13 am
- India’s services sector posted an expansion in October for the first time since February as malls and restaurants resumed business post lifting of mobility restrictions.
- The purchasing managers' index (PMI) for services rose to 54.1 in October from 49.8 in September, according to data analytics firm IHS Markit.
- This along with positive signals from other lead indicators prompted the finance ministry to claim that economic growth could touch pre-coronavirus levels by year end.
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