NEW DELHI: According to a monthly survey, India's services sector saw its strongest expansion in 12 years in February due to favorable demand conditions and new business gains.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January to 59.4 in February, the highest level seen in 12 years, and has remained above the neutral 50 threshold for 19 straight months, indicating expansion, the survey said.
