India’s services sector activity better in August, says monthly survey
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The downturn in India's services sector activity eased significantly in August but remained in the contraction zone as COVID-19 pandemic-induced restrictions continued to adversely impact client demand and business operations, a monthly survey said on Thursday. The seasonally adjusted India Services Business Activity Index rose sharply from 34.2 in July to 41.8 in August, the highest since March, before the escalation of the pandemic.