Also Read | How hunger came back to haunt IndiaBusiness ActivityActivity in India’s dominant services sector expanded for a second straight month in November, although at a slower pace.
The Markit India Services Purchasing Managers’ Index was at 53.7 last month versus 54.1 in October, with a reading above 50 indicating expansion.
IHS Markit, which conducts the survey, said the level of positive sentiment had climbed to the highest since February amid predictions that conditions would normalize once a vaccine is rolled out.Manufacturing activity lost some of the momentum seen in the past few months, and as a result caused the composite index to drop to 56.3 in November from 58 a month earlier.