New Delhi, June 23 (IANS) Private sector activity eased a bit in June in India amid geo-political tensions, while overall new orders volumes continued to rise strongly this month, the Purchasing Managers’ Index (PMI) data showed on Tuesday.Growth of manufacturing output softened a tad as inventory-building lost steam after a few hectic months. June data indicated a slowdown in growth of demand for Indian goods and services, restricting the extent to which output levels were raised. Concurrently,…
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New Delhi, May 6 (IANS) India’s services sector activity strengthened in April, with the Purchasing Managers’ Index (PMI) rising to a five-month high of 58.8, because of robust domestic demand and increased business activity, the HSBC India Services PMI data showed on Wednesday.The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 57.5 in March to 58.8 in April, which is the strongest pace of expansion since November.Moreover, new business inflows also grew at the f…