BUSINESS ACTIVITY INDICES SLUMP IN MAY
The India Services Business Activity Index, released by IHS Markit, fell to 46.4 in May from 54 in April. A reading below 50 shows contraction. This is the first contraction in the services sector in eight months
The IHS Markit India Manufacturing Purchasing Managers’ Index stood at 50.8 compared with 55.5 in April. This was the lowest in 10 months