India Services PMI rises to five-month high of 58.8
pre-market1 source ↓written by the desknot a recommendation
- in April
- 58.8
- in March
- 57.5
India’s private services sector expanded with the Purchasing Managers’ Index (PMI) climbing to 58.8 in April, up from 57.5 in March. This growth is attributed to strong domestic demand, despite a decline in export orders. The increase in new business inflows indicates a shift towards domestic consumption amid geopolitical uncertainties.
Not investment advice. For informational purposes only.