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.
Pakistan
A difficult campaign: on the Pakistan elections
In the run-up to the election, Pakistan’s judiciary and military are showing their hand Democracy has always been fragile in Pakistan. It was only in 2013 that a transfer of power from one democratically elected […]
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Free run for bulldozers
Bypassing of due process a dangerous trend The no-holds-barred demolition of the house of Mohammad Javed, the alleged mastermind of Friday’s mob violence in Prayagraj, seems to be an instance of vindictive rather than administrative […]
Europe
Nasa Photo Error Puts Mount Everest In India
KATHMANDU (TIP): The world’s highest mountain should not be hard to spot but American space agency Nasa has admitted it mistook a summit in India for Mount Everest, which straddles the border of Nepal and […]
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