India's July Services Purchasing Managers Index (PMI) spiked sharply to 13 yeah high at 62.3 against 58.5 in June data revealed by S&P Global on Thursday. The July composite PMI was at 61.9 against 59.4 month-on-month.
The last time India's service activity was at the highest was in June 2010. The PMI has also stayed above the key level of 50 that separates expansion in activity from a contraction for 24 months in a row.
International demand also saw a rise in July and was the second-strongest since September 2014.
India's manufacturing sector PMI in July had dipped to 57.7, but robust service activity propelled the overall S&P Global India Composite PMI output Index.
