Tag: Indian service economy

India’s services sector growth hit a four-month low as demand weakened amid inflation pressures, as per the S& S&P Global India Services Purchase Managers’ Index (PMI) which moderated to 55.5 in July from an 11-year high of 59.2 in June. A reading of 50 on the PMI indicates no change in business activity levels. While […]

The seasonally adjusted S&P Global India Services Purchasing Managers’ Index Business Activity Index fell from 59.2 in June to 55.5 in July, pointing to the slowest rate of growth in four months. The seasonally adjusted S&P Global India Services Purchasing Managers’ Index Business Activity Index fell from 59.2 in June to 55.5 in July, pointing […]