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.
NY/NJ/CT
Indian-American jeweler indicted in multi-million dollar international trade fraud
NEWARK, NJ (TIP): An Indian jeweler has been indicted for illegally evading customs duties for millions of dollars of jewelry imports into the US and operating unlicensed money transmitting businesses, a US attorney has said. […]
Opinions
Prelude to 2024 Lok Sabha battle
Oppn has its task cut out if it is to cohere into a credible alternative to BJP-led NDA “After the Patna warm-up exercise, the Opposition took a few steps forward in Bengaluru. The most significant […]
India
India backs fresh WHO probe into Covid origin
India on Thursday, Oct 14, backed the World Health Organization’s (WHO) decision to create an expert group to examine the origins of new pathogens, including the coronavirus that causes Covid-19, and said all countries should […]
Be the first to comment