New Delhi
The seasonally-adjusted India Services Business Activity Index fell from 56.7 in August to 55.2 in September, but remained well above its long-run average. “Despite easing from August, the rate of expansion was marked and the second-fastest since February 2020,” the survey said.
Buoyed by signs of improvements in underlying demand, Indian service providers took on additional staff during September.
The increase in employment ended a nine month sequence of job shedding, but was marginal overall as some panellists indicated having sufficient workforces to deal with their workloads.
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