scorecardresearchIndia's services activity grew faster in August; hiring at over 14-year high

India's services activity grew faster in August; hiring at over 14-year high

Updated: 05 Sep 2022, 10:57 AM IST
TL;DR.
Driven by strong growth in services and manufacturing activity, Asia's third-largest economy expanded at its fastest annual pace in a year during the April-to-June quarter.
A customer and vendor exchange Indian rupee banknotes in Bengaluru, India, on Monday, Aug. 15, 2022. India�s�wholesale�price inflation due Aug. 16 would show price gains easing to 13.75% in July, from 15.18% the previous month, according to a separate survey as of last Friday. Photographer: Samyukta Lakshmi/Bloomberg

A customer and vendor exchange Indian rupee banknotes in Bengaluru, India, on Monday, Aug. 15, 2022. India�s�wholesale�price inflation due Aug. 16 would show price gains easing to 13.75% in July, from 15.18% the previous month, according to a separate survey as of last Friday. Photographer: Samyukta Lakshmi/Bloomberg