Image Source: Agencies

According to a monthly poll released on Thursday, India's services sector growth reached a 13-year high in July as a significant improvement in demand conditions and an uptick in overseas sales led to the fastest rise in new business and output.

According to the seasonally adjusted S&P Global India Services PMI Business Activity Index, output increased by the most since June 2010—from 58.5 in June to 62.3 in July.