India Services Growth At 11-year High In May But Input Inflation At Record: Pmi Survey | Mint - Mint

The S&P Global India Services Purchasing Managers' Index rose to 58.9 in May from 57.9 in April, its highest since April 2011 and comfortably beating the Reuters poll expectation of 57.5.

The growth in India's dominant services continued to grow in May, expanding at the fastest pace in 11 years in May on strong demand and new orders, but inflationary pressures touched new highs, accor… [+2672 chars]

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