![India's service sector growth recovers in October](https://images.assettype.com/fortuneindia%2F2022-02%2F952b9c0c-2e32-4023-bc13-f6da812ab50a%2FHospitality_and_hotel.jpg?rect=0,78,2047,1024&w=300&q=95)
India's service sector growth recovers in October
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from September's six-month low of 54.3 to 55.1 in October.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from September's six-month low of 54.3 to 55.1 in October.
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
Though an uptick in demand is expected in the October-November festive season, experts do not see an immediate revival for the sector.
According to the latest figures released by SIAM on Monday, sales of passenger cars—the largest segment by volumes—dropped 6.87% from a year ago.
IRDAI makes personal accident cover voluntary from January 1, 2019.