India’s services growth slowed further in April, input costs soared
Posted on Wednesday 5th May, 2021 by Ankit
A private survey showed that India’s major services sector growth reached a three-month low in April, but remained unexpectedly resilient as the COVID-19 crisis intensified and cost pressures accelerated. The Nikkei / IHS Market Services Purchasing Managers’ index fell to 54.0 in March last month, its lowest since January, but still above 50 percent separating growth from contraction and a 51.1 drop in Reuters poll Has raised expectations for.
Source: Economics TimesBusiness Covid-19