June services growth fastest in more than 11 years

The S&P Global India Services Purchasing Managers' Index rose to 59.2 in June from 58.9 in May, its highest since April 2011 and above the 50-mark separating growth from contraction. A sharp upturn in demand, increased sales and favourable economic conditions kept the new orders sub-index above the breakeven mark for an eleventh month and drove it to its highest reading since February 2011.

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