Service PMI expands to 55.3 in Feb vs 52.8 in Jan
(WorldNews India)

NEW DELHI : India`s service providers expanded their activity at the fastest pace in a year in February owing to a quicker increase in new orders with roll-out of coronavirus vaccines that led to an improvement in business confidence, a private survey said. Data released by the analytics firm IHS Markit on Wednesday showed Purchasing Managers` Index (PMI) for service sector shot up to 55.3 in February from 52.8 a month ago. A figure above 50 indicates expansion, while sub-50 signals contraction. MORE FROM THIS SECTIONSee All BCG, McKinsey top recruiters at IIM-A 1 min read . 10:51 AM IST India`s services growth at one-year high on boom in domestic demand 1 min...