BusinessPhoto: MintIndia's Services Production Index Shows Strong Growth in August
India's services sector showed sustained momentum in August, with 17 of 19 sub-sectors growing and 13 posting double-digit increases, according to the Centre's fifth trial Index of Services Production (ISP). Key sectors like accommodation, retail trade, banking, IT, and real estate reported strong growth, despite mixed signals from manufacturing and external trade. The ISP covers about 60% of the services sector, which accounts for over half of India's economy.
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