By Reuters Staff
3 Min Read
BENGALURU, April 7 (Reuters) - Activity in India’s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed.
The results were broadly backed by a Reuters poll last week that predicted India’s economy would grow faster than previously expected this fiscal year but warned a resurgence of coronavirus cases could derail growth.
The Nikkei/IHS Markit Services Purchasing Managers’ Index fell to 54.6 in March from 55.3 in February but held above the 50-mark separating growth from contraction.
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