purchasing managers’ index (PMI) for services fell from 55.3 in February to 54.6 in March. A reading above 50 indicates expansion and below the threshold points to contraction.Even though the reading remains in the expansion zone, there isn't much respite for services providers going ahead in the backdrop of the second wave of infections, especially in Maharashtra.
o curb the spread of the coronavirus, the Maharashtra government on Sunday imposed stricter operating guidelines for manufacturers.