India services growth picks up in Sept, PMI rises to 55.2

New Delhi, Oct 6 (UNI) India's services sector gained momentum in September, with business activity expanding at its fastest pace in three months as stronger demand and a rise in new orders supported growth, according to the HSBC India Services Purchasing Managers' Index (PMI). The services PMI climbed to 55.2 in September from 54.1 in August, remaining comfortably above the 50-point mark that separates expansion from contraction. The latest reading also marked the 62nd straight month of growth in the services sector. The survey showed that domestic demand remained a key driver of the improvement, while international business also increased…