Index of services production shows 8 sub-sectors record double-digit growth in June
Economic Times 1 hr ago·31 Aug 2026, 11:44 am
India's services sector, a key driver of economic growth, showed resilience in June with eight sub-sectors recording double-digit expansion. Real estate and retail trade led the gains, supported by strong performances in wholesale trade and administrative services. The information technology and computer services sector also expanded significantly. However, air transport was the only sub-segment to contract during this period.
This data is important for investors as the services sector accounts for a major share of India's GDP. A broad-based expansion suggests that domestic consumption and business activity remain robust. While the air transport slowdown is a notable exception, the overall trend points to a healthy economic environment. Investors should monitor upcoming manufacturing and inflation data to gauge the full health of the economy.
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