Business exercise rises for 2nd month in row


New Delhi, December 3

The recovery in the Indian services sector was sustained in November as new work orders supported business activity growth and the first rise in employment in nine months, a monthly survey said on Thursday.

India Services Business Activity Index posted above the critical 50-mark that separates growth from contraction for the second month in a row during November.

Despite falling from 54.1 in October to 53.7 in November, the latest reading was still indicative of a solid pace of expansion amid better demand conditions and relaxation of Covid restrictions.

Services firms hired additional workers in November, ending an eight-month sequence of job shedding. On the prices front, the rates of inflation for input costs and output charges accelerated. — PTI



Be the first to comment on "Business exercise rises for 2nd month in row"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: