New Delhi, Jan 6 || India's services sector growth rose to a 4-month high in December as robust demand boosted business activity with strong job creation taking place during the month, according to a survey released on Monday.
The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, increased to 59.3 in December from 58.4 in November, which is the highest level since August.
Strong underlying demand was identified by companies as the primary factor behind output growth in the services sector. In some instances, survey members indicated that recent efforts to expand capacities allowed them to accept more work.
The overall level of positive sentiment remained above its long-run average, with service providers exuding confidence that output would increase over the course of the coming 12 months. Expanded capacities, new customer enquiries and budget allocation towards marketing were some of the positive factors propelling growth.