India's services economy stays resilient as 17 sectors post growth

India's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expanding and 13 registering double-digit gains, according to the trial Index of Service Production (ISP). Retail trade led the expansion with 19.9% year-on-year growth, followed by repair services and real estate at 17.6% each. Banking, insurance and IT services also reported strong growth, while CareEdge Ratings estimated overall services output rose 14%.