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India’s services recovery gains pace: PMI at highest since August 2024; export demand stays strong

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India's services sector experienced its strongest expansion in ten months in June, fueled by robust domestic demand and increased international sales. The Services PMI Business Activity Index surged to 60.4, driven by new orders and job creation. Despite strong overall performance, optimism among service providers has slightly moderated, with future growth expectations dipping to their lowest since mid-2022.
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