New Delhi: India's services sector surged in April as the sector's Purchasing Managers' Index (PMI) jumped to 62.0 from 57.8 in March, according to data released by S&P Global on May 3.

At 62.0, the services PMI is the highest in nearly 13 years. It has stayed above the key level of 50 that separates expansion in activity from a contraction for 21 months in a row.

The services PMI data comes a couple of days after the manufacturing PMI rose to four month high.

As a result, the composite PMI, which is a combination of the manufacturing and services indices, jumped to 61.6 in April from 58.4 in March.

The April composite PMI of 61.6 is the highest since July 2010.

"Mirroring the trend for business activity, new orders rose at the fastest pace since June 2010. Growth was linked by survey members to strong demand for services and competitive pricing. Finance & Insurance topped the sector rankings for sales," S&P Global said in a statement.

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