December 5, 2018 / 5:42 AM / 5 months ago

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

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/File Photo

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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