India, Sept. 3 -- India's service sector growth accelerated to more than a 15-year high in August on the back of surging new orders, final data compiled by S&P Global showed on Wednesday.
The seasonally adjusted HSBC India Services PMI rose to 62.9 in August from 60.5 in July. The flash score was 65.6. A score above 50.0 indicates expansion.
The latest upturn was driven by demand buoyancy, efficiency gains, and greater inflows of new business, the survey said.
New orders grew at the quickest pace in over fifteen years, and the rate of expansion in international sales was the third-strongest in the survey history amid greater demand from clients in Asia, Europe, the Middle East, and the US.
Employment growth remained moderate in August d...