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- India’s Services Index reached 58.5 in October.
- India’s services sector witnessed a robust performance in October.
- The Services PMI index climbed to 58.5 up from a ten-month low of 57.7 in September
- This shows a sharp acceleration in business activity.
- As per the report, input costs increased in October. It has grown at its fastest pace in three months.
- In October, the Indian services sector registered strong expansions in output and consumer demand.
- The October PMI results indicate strong momentum in India’s service sector.
- Employment generation hits a 26-month high in the service sector.
- Around 13 percent of panellists reported job creation, compared to 9 percent in September.
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