
India's manufacturing PMI slips to 8-month low
The latest PMI reading remains above its long-run average of 53.9.
The latest PMI reading remains above its long-run average of 53.9.
New orders, the largest sub-component of the PMI, rose at a softer pace in September.
The S&P Global India Services PMI Index marginally falls to 60.1 in August from 62.3 in July.
Positive demand dynamics and greater labour costs pushed charge inflation to a 13-month high.
S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May
Despite the substantial uptick in new orders, staff levels in the service sector increased only marginally in April.
The S&P Global India Services PMI Index remained in growth territory for the twentieth successive month.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December.
RBI says the Indian economy has been consolidating a recovery led by robust revival of agriculture and services, and stable corporate performance.
The country's manufacturing sector continued to perform well in November.