India’s services economy showed broad-based growth in July, with 17 of the 19 sub-sectors tracked by the government’s new Index of Services Production (ISP) expanding year-on-year and 10 recording double-digit growth.
Administrative and support services led the expansion with 20.9% growth, followed by retail trade at 18.5%, real estate at 14.4%, accommodation and food services at 12.6% and banking at 12.3%, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.
