India’s services sector grows steadily in April, composite PMI hits 8-month high

India’s services sector grows steadily in April, composite PMI hits 8-month high

Follow Us on Google News New Delhi, May 6 (IANS) India’s services sector continued to grow in April, with the Services Purchasing Managers’ Index (PMI) rising slightly to 58.7 from 58.5 in March, an HSBC report said on Tuesday. A PMI reading above 50 indicates expansion, while anything below signals contraction. The increase points to … Read more

Manufacturing sector growth surged to 8-month high in March: HSBC

Follow Us on Google News New Delhi, April 2 (IANS) Manufacturing sector growth in India surged to an eight-month high in March as a faster upturn in total sales underpinned a sharper increase in output, according to an HSBC report released on Wednesday. The acceleration in March came despite a mild slowdown in international order … Read more

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