1.0Kamal Sandeshhttps://kamalsandesh.orgkamalsandeshhttps://kamalsandesh.org/author/kamalsandesh/Services sector grows at a 21-month high in July : PMI » Kamal Sandeshrich600338<blockquote class="wp-embedded-content" data-secret="Umwr31IwCp"><a href="https://kamalsandesh.org/services-sector-grows-21-month-high-july-pmi/">Services sector grows at a 21-month high in July : PMI</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://kamalsandesh.org/services-sector-grows-21-month-high-july-pmi/embed/#?secret=Umwr31IwCp" width="600" height="338" title="“Services sector grows at a 21-month high in July : PMI” — Kamal Sandesh" data-secret="Umwr31IwCp" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://kamalsandesh.org/wp-content/uploads/2018/08/ServicesSectorGrowth.png800450The services sector expanded at a 21-month high in July, showed widely-tracked purchasing managers’ index (PMI), justifying the Reserve Bank of India’s (RBI’s) move to hike the policy rate to contain inflation. The PMI rose from 52.6 in June to 54.2 in July, as new businesses rose at the fastest rise since June 2017. Before