India's PMI services at 5-month high in April on higher fresh orders

However, companies resumed hiring in April, as seen by the first increase in employment since November

Services activity in April accelerated to a five-month high, with a surge in incoming new work, boosting business activity and supporting a renewed increase in employment even as near-record upturn in input costs continued to dampen business confidence, a private survey said.

Data released by S&P Global on Thursday showed services Purchasing Managers’ Index (PMI) rose to 57.9 in April from 53.6 in March, making up for the loss since the Omicron variant of coronavirus hit the country in late December. “New business inflows expanded further in April, taking the current sequence of growth to nine months. The latest rise in