NSO says 10 of 19 services sub-sectors grew double digits in July
In short
Ten of 19 services sub-sectors posted double-digit growth in July, led by administrative and support services at 20.9%, according to the NSO. Two segments contracted.
This suggests parts of India’s services economy were strong in July, but the report does not give the full list of winners or losers, or the overall sector reading.
What the reporting says
Ten of 19 services sub-sectors posted double-digit growth in July, according to the NSO, with administrative and support services leading at 20.9%. The reporting also says two segments contracted. The source does not name the other fast-growing or shrinking sub-sectors, or provide the overall services growth rate.
Why it matters
Ten of 19 services sub-sectors posted double-digit growth in July, with administrative and support services at 20.9%, according to the NSO. Two segments contracted, but the source does not identify them. The report points to broad-based strength in services activity, though the missing details limit how far the trend can be read.