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