Current Trends in Indian Economy Services PMI shows surge in December 2022 As per the S&P Global India Services Purchasing Managers’ Index (PMI), India’s services sector reported a sharp growth in new business in December, 2022 led by finance and insurance services. The index rose to 58.5 last month from 56.4 in November 2022. A reading of 50 on the index indicates that there is no change in business activity levels. Real estate and business services saw the slowest expansion in new orders. Note India’s Manufacturing PMI also reported a strong rise in December 2022 as per the data released by S&P Global
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