An uptick in new owders and softer rate of growth in the input costs, supported the growth. India's services purchasing managers' index (PMI) touched a near four-year high at 54.5 in October compared to a reading of 52.0 in September. "This pointed to a marked pace of expansion in the private sector activity that was the quickest in nearly four years," it added. Despite the consistent growth over the months, service sector employment in October was unchanged over the month, with nearly all the survey participants reporting the same payroll numbers as in September. "Incoming work was the main driver of output growth, with survey respondents highlighting strong demand and improved market conditions," she added.

Source: dna November 03, 2016 06:15 UTC