Warns about the possibility of another, more devastating Covid wave, strikes an optimistic chord on declining infections
It was the highest reading since February and comfortably above the 50-mark separating growth from contraction
At 49.8 in Sept from 41.8 in August, but contracts for 7th month in row
The ministry said that earnest efforts made by the government in last few months during coronavirus period have now started showing the green shoots
PMI for combined services and manufacturing rose from 37.2 in July to 46 in August
August was the sixth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014
Japan's services sector contracted for a sixth straight month in July, suggesting economic activity remained under pressure from the coronavirus crisis as the third quarter got under way
Agriculture was expected to be the only silver lining in the economy in the current financial year
Services activity in the country has suffered a lot amid back-to-back nationwide lockdowns to prevent the spread of coronavirus.
As many as 97 per cent of the 500 companies surveyed by IHS Markit, which conducts the survey, reported a fall in output
India's services activity collapses as coronavirus palayses global economy -PMI
The IHS Markit India Services Business Activity Index was at 49.3 in March, down from February's 85-month high of 57.5
Exports zoom but job growth at 3-month low
he Nikkei/IHS Markit Services Purchasing Managers' Index rose to 55.5 in January from December's 53.3
The index fell to 48.7 in September from 52.4 in August due to subdued demand.
India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth
In PMI parlance, a print above 50 means expansion while a score below that denotes contraction
From Amit Shah's visit to Gujarat to Vodafone's 5G network launch in UK, here are some of the most important news events scheduled for today
Yet firms increased staff levels at the fastest rate in three months, partly on expectations of increased business after the elections and possibly reflecting resilience in manufacturing activity
Activity among services firms also registered the strongest average quarterly performance during the three months ending December in nearly three years, encouraging firms to hire at a faster pace