GST shakes business confidence of service providers

Business conditions in India’s services sector improved in June. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that services PMI climbed to an eight-month high of 53.1 in June from 52.2 in the previous month. A reading above 50 indicates economic expansion, while a one below 50 points towards contraction. However, business confidence […]