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India's services sector hits a four-month high in December, boosting overall economic outlook.
India's services sector saw robust growth in December, reaching a four-month high with an index of 59.3, up from 58.4 in November.
This growth, driven by strong demand and new business inflows, led to increased hiring and a positive outlook for the coming year.
Despite a slight dip in business sentiment and rising input costs, the sector's expansion helped boost the overall Composite PMI to 59.2, offsetting a decline in manufacturing growth.
3 months ago
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