No jobs? Hiring by services firms hit 6-month low in March, reveal PMI data

94 per cent firms did not employ a single additional hand in March

The services industry, the dominant sector of the Indian economy, grew at a six-month low pace in March due to slower expansion in new work, showed widely-tracked Nikkei purchasing managers' index (PMI). 

This affected jobs as hiring activity by services companies also hit a six-month bottom, with 94 per cent firms not even employing a single additional hand in this month.    

The seasonally adjusted Nikkei India Services Business Activity Index fell to 52 in March from 52.5 in February, indicating slowest expansion since last September.

Despite the moderation, the services PMI was in the expansion territory for the 10th