‘Services sector growth hits 10-month high as demand surges’

• Services sector experienced its strongest growth in ten months in June.
  • HSBC final India Services Purchasing Managers’ Index (PMI) rose to 60.4 from 58.8 in May.
  • The PMI threshold of 50.0 separates growth from contraction.
  • New business sub-index rose due to domestic market strength and robust growth in export orders.
  • Overseas demand supported by improvement from Asian, West Asian, and U.S. markets.