BENGALURU : India's services industry expanded for a second straight month in September, bolstered by improved domestic demand and easing COVID-19 restrictions, pushing firms to hire more employees for the first time in nearly a year, a private survey showed.
"The improved market environment meant that companies managed to secure new work and increase business activity during September." Business expectations remained positive on hopes the pandemic would continue to retreat and restrictions ease, but the outlook was muted by concerns over high inflationary pressures.
But those increases will not prompt the RBI to raise interest rates from the current 4.0per cent this fiscal year as supporting growth remains its priority.
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