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India's service sector growth at 5-month high on new orders

India's service sector growth at 5-month high on new orders

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March.

India's services sector contracts on cash shortage; worst in 3 years

India's services sector contracts on cash shortage; worst in 3 years

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October. A reading above 50 means the sector is expanding while a score below this mark signals contraction.

Services sector rebounds on new business orders

Services sector rebounds on new business orders

Services sector increased to 50.8 in July from 47.7 in June.

'Services growth at eight-month high in Februay'

The HSBC Services Purchasing Managers` Index, which surveys around 350 private companies and is compiled by Markit, rose to 53.9 in February from 52.4, its highest since June 2014. A reading above 50 indicates growth.

Indian services growth slowed to 13 month low in Nov: HSBC

The index has witnessed significant decline in the last two months after registering the fastest pace of growth in in September.

Service sector growth slows to 6-month low in October

India's services sector slowed in October - registering the slowest pace of growth since April - amid decline in new orders and hiring levels, an HSBC survey said.