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India's services PMI declines to 61.2 in May from 62 in April
short by Ananya Goyal / on Monday, 5 June, 2023
India's service sector's Purchasing Managers' Index (PMI) stood at 61.2 in May, S&P Global's data showed on Monday. Although it's lower than 62 in April, May's figure is the second-highest since June 2010. "The PMI data for May stand as a compelling testament to prevailing demand resilience, impressive output growth and job creation within India," an S&P Global executive said.
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