The service sector PMI (purchasing mangers’ index) in India (INDA) rose to 53.1 in June 2017, compared to 52.2 in May. The PMI’s improved performance in June was mainly the result of a rise in new business and expansions over the last five months.

The service sector is one of the most dominant sectors in India (EPI), and it’s attracted significant foreign direct investment in the country over the last decade. India’s (INDY) services sector is expected to grow 8.8% in 2016–2017, according to first advance estimates from the Central Statistics Office.