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India’s services sector activity PMI reaches 58.9 highest in 11 years

Published on July 05, 2022
Current Context: According to rating agency S&P Global India’s service sector PMI reached from 58.9 in May to 59.2 in June the highest since 2011.
India’s services sector activity PMI reaches 58.9 highest in 11 years
  • Acceleration in growth has been seen in transport, information, and communication.
  • Even though it’s a rise in the services sector activity, the report warned about the rate of input cost inflation and higher costs of chemicals, petrol, etc.
  • Jobs in the manufacturing and services sectors also rose in June.
  • Apart from that, aggregate new orders and private sector jobs also rose in the month.
  • Besides, inflation at the composite level was broadly unchanged from May.

Question:

Q.1 As per rating agency S&P India’s service sector PMI reached to_______ the highest since 2011?
a. 60.1
b. 59.2
c. 58.1
d. 57.6
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