Growth in Ser­vices Picks up Pace as De­mand Gal­lops

The Economic Times - - Sports -

Growth in In­dia’s ser­vices sec­tor picked up pace in March on the back of a strong in­crease in de­mand, a pri­vate sur­vey showed, match­ing the strong per­for­mance of the man­u­fac­tur­ing sec­tor. The sea­son­ally ad­justed Nikkei In­dia Ser­vices Busi­ness Ac­tiv­ity Index climbed to 54.3 in March from 51.4 in Fe­bru­ary, match­ing Jan­uary’s 19month high, data re­leased on Wed­nes­day showed. A read­ing above 50 on this sur­vey-based index in­di­cates ex­pan­sion.

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