The pace of job creation isn’t very strong and it remains to be seen if it is sustainable. Graphic: Subrata Jana/MintThe private sector expanded a bit in September after two months of contraction, as the Nikkei India Composite PMI (Purchasing Managers’ Index ) Output Index rose to 51.1. Though the improvement was slight, services sector output rose for the first time in three months. As a result, the seasonally adjusted Nikkei India Services PMI Business Activity Index rose from 47.5 in August to 50.7 in September. The pace of job creation isn’t very strong and it remains to be seen if it is sustainable.

Source: Mint October 06, 2017 01:52 UTC