India November Services PMI highest in three-months

The S&P Global India Services Purchasing Manager’s Index (PMI) jumped from 55.1 in October to 56.4 in November, which is the highest in the last three months, due to an increase in the output.

As the inflows to the new businesses grew, output also increased rapidly, resulting in the creation of employment opportunities. Successful marketing campaigns, unrestricted demand, and an increase in sales resulted a jump in output.

The Indian services sector received orders not only domestically, but also from internal buyers, which resulted in increased international sales.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.