PMI Eases: What's the real story?

2023 • 5min • News • Business


Published On: April 05, 2023 - India’s services sector expanded once again in March, albeit at a slower pace than in February. The sector's Purchasing Managers' Index (PMI) fell to 57.8 from February's 12-year high of 59.4, according to data released by S&P Global. With March's reading, India's services PMI has now been above the key level of 50 for 20 months in a row.