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Asian Economic News

India Services Growth Slows In March

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's service sector activity expanded at a softer pace in March, survey results from IHS Markit showed on Wednesday.

The IHS Markit services Purchasing Managers' Index fell to 54.6 in March from 55.3 in February.

Economists had forecast a score of 54.5. Any reading above 50.0 indicates expansion in the sector.

New orders increased in March, while demand from abroad declined for the thirteenth month in a row.

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