Mumbai, Sept. 3 -- The Indian service economy benefited from a substantial improvement in demand during August, which pushed growth of new orders and activity to their highest rates in over 15 years.
Concurrently, the rise in international sales was the third-strongest since the series started in September 2014. Robust job creation in recent months meant that companies had sufficient capacity to cope with current requirements.
Outstanding business increased only marginally, and there was a modest uptick in employment. Amid reports of higher salaries awarded to workers and overtime payments, business expenses rose further. The rate of inflation quickened to a nine-month high. Meanwhile, demand buoyancy facilitated the steepest increase in ...