PMI slips to 3-month low

New Delhi: The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction. In PMI parlance, a print above 50 means expansion, while a score below...

India’s service sector growth hits 7-year high in January

New delhi: india's services sector surged to a seven-yr high in January driven by sharp demand in new business orders, leading to job creation and business optimism amid beneficial marketplace conditions, a month-to-month survey said on wednesday. The IHS Markit India Services Business Activity Index rose from 53.3 in December...