India's service sector activity at 12-year high in Feb: SP Global India

New Delhi [India], March 3 (ANI): The Indian service sector output expanded at the strongest rate in 12 years amid the joint-best improvement in new business intakes over the same period, according to SP Global India Services Purchasing Managers' Index (PMI).

However, capacity pressures remained mild and jobs rose only marginally, SP Global India said. Helped by a substantial moderation in cost pressures -- input prices i