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Business activity growth returns on back of surging new orders: PMI

Aug 06, 2019 - The Economic Times

NEW DELHI: Business activity in India's service sector reached a 12-month high in July boosted by the fastest output growth in a year through stronger domestic and international demand and a pick up in hiring, a private survey showed on Monday.The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 53.8 last month from 49.6 in June, rising above the 50-mark that separates contraction from growth.As per the survey report, strengthening demand leading to new work from both the domestic a...