 "Service sector, Services PMI, PMI data, indian economy, gdp, job creation, employment, inflation")
After goods and services tax (GST) collections and manufacturing, the purchasing managers’ index (PMI)
of the dominating sector of the economy — services — also indicated slow economic revival.
The Nikkei PMI rose for the second straight month to 51.4 in April, up from 50.3 in March. Services had contracted in February, going below 50 points. The April data suggests business activity is rising at a faster pace, supported by new order growth. It also
noted that job creation accelerated at the sharpest pace since March 2011.
On Tuesday, government data showed that GST collections crossed the Rs 1 trillion-mark in April.
