Indian economy accelerated in September as animal spirits soared, new data shows

Activity in India’s dominant services sector continued to recover, with the main index rising to 49.8 in September from 41.8 in August. While that’s a marked improvement from April’s record low of 5.4, a number below 50 suggests it’s still in contraction territory and will probably be a drag on overall growth in the July-September quarter.

from Economy-News-Economic Times https://ift.tt/37KccQ0