Economic TimesLean R·
India's services growth picks up in August
BENGALURU: India's dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a survey showed, though firms ramped up hiring at the fastest pace in over a year.HSBC's India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 54.1 in August from July's 53.3, but was slightly lower than a preliminary estimate of 54.5.Also read: 7.8% slam dunk! 'Dead' economy proved …
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