India’s services sector activity, as measured by the Purchasing Managers’ Index (PMI), reached a 13-year high of 62 in April, according to data released by the S&P Global on Wednesday, despite rising cost pressures for the beginning month of fiscal 2023-24. The seasonally adjusted Services PMI was up from 57.8 in March, supported by healthy inflows of new businesses and favourable market conditions. The latest April value signalled the fastest pace of expansion in output since June 2010. A PMI reading above 50 indicates an expansion in services activity.
Related Articles
United States
The Eye Foundation of America UK Board Meeting held
Founder and President of the EFA Dr. Raju traveled to London to conduct the first ever meeting of the UK Board NEW YORK / LONDON (TIP): Dr. VK Raju, founder and president of the Eye […]
Sports News
Kieron Pollard announces retirement from international cricket
West Indies white-ball captain Kieron Pollard on Wednesday announced his retirement from international cricket though he will continue to freelance in private T20 and T10 leagues across the globe. If one tries to sum up […]
Indian Americans
Indian-origin Booker Prize winning novelist Salman Rushdie leads over 40 British Indians in Queen’s Jubilee Honors list
LONDON (TIP): Salman Rushdie, the Mumbai-born author of the Booker Prize-winning novel ‘Midnight’s Children’, leads a list of over 40 professionals and community champions of Indian-origin to be honored in the Queen’s Birthday Honors list. […]

Be the first to comment