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Boom in services sector bodes well for GDP - finance ministry official

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Reuters NEW DELHI
Last Updated : Dec 05 2018 | 11:25 AM IST

NEW DELHI (Reuters) - Strong growth in India's services sector "should augur well for 3rd quarter GDP growth," a top finance ministry official said in a tweet on Wednesday.

Business activity in India's dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday.

The figures showed a "strong increase in business activity and in demand," said conomic Affairs Secretary Subhash Chandra Garg.

(Reporting by Alasdair Pal; Editing by Rashmi Aich)

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First Published: Dec 05 2018 | 11:11 AM IST

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