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.
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Asia Cup slips out of India’s hands after 4-4 draw with South Korea
Jakarta (TIP)-India bowed out of the title race in the Asia Cup hockey tournament as they drew 4-4 with South Korea their final Super 4 stage match on May 31. Malaysia’s 5-0 win over Japan […]
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