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Services output reportedly grows 13.5%, with 17 of 19 sectors expanding
The Economic Times reports that 17 of 19 service sectors expanded. CareEdge Ratings chief economist Rajani Sinha expects the sector’s underlying strength to continue, though she says external pressures could affect it.
TLDR
The Economic Times reports that services output grew 13.5% and 17 of 19 sectors expanded. CareEdge Ratings chief economist Rajani Sinha expects the sector to maintain its underlying strength in the months ahead, but says a challenging external environment, volatile energy prices and supply chain frictions could affect it.
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