India’s services activity strong in September


On the mend: A man cuts fish for a customer in a market in New Delhi. Business expectations in the country remain positive on hopes the pandemic would continue to retreat and restrictions ease. — AFP

BENGALURU: India’s services industry expanded for a second straight month in September, bolstered by improved domestic demand and easing Covid-19 restrictions, pushing firms to hire more employees for the first time in nearly a year, a private survey showed.

The IHS Markit Services Purchasing Managers’ Index eased to 55.2 in September from August’s 18-month high of 56.7, but stayed comfortably above the 50-mark separating growth from contraction.

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