India's services sector activity expanded at a faster pace in August as stronger demand supported business activity and new orders, while employment growth reached a 15-month high, according to the latest HSBC India Services PMI survey.
The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 54.1 in August from 53.3 in July. A reading above 50 indicates expansion, while one below 50 signals contraction.
