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|05 December, 2018

Boom in India's services sector bodes well for GDP - finmin official

Business activity in India's dominant services sector expanded in November

An employee sets a table inside a restaurant at the Crown Plaza hotel, run by the InterContinental Hotels Group (IHG), in New Delhi, India January 31, 2014.

An employee sets a table inside a restaurant at the Crown Plaza hotel, run by the InterContinental Hotels Group (IHG), in New Delhi, India January 31, 2014.

REUTERS/Anindito Mukherjee

NEW DELHI - 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 Economic Affairs Secretary Subhash Chandra Garg.

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(Reporting by Alasdair Pal; Editing by Rashmi Aich) ((Alasdair.Pal@thomsonreuters.com; +91 114 954 8060; Reuters Messaging: alasdair.pal.reuters.com@reuters.net))