Strong demand revives India services PMI in October
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That signaled a relatively strong start for Asia's third-largest economy in 2024's final quarter and supports Reuters poll forecasts for 7.0% growth this quarter after 6.8% last quarter.
Services accounted for about 55% of gross domestic product (GDP) in fiscal year 2023-24, government data showed.
The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 58.5 in October from September's 57.7, exceeding a preliminary estimate of 57.9.
The index has been above the 50-mark separating expansion from contraction for 39 consecutive months.
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