2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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January
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June
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February
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March
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Detailed explanation-1: -Activity in India’s dominant services sector expanded at the fastest pace in 12 years in February on strong demand as price pressures eased further amid mild job rises & capacity pressures in the country, a survey showed.
Detailed explanation-2: -The Manufacturing PMI came in at 55.3 in February, slightly below January’s 55.4. Meanwhile, the Services PMI rose to 59.4 in February (January: 57.2). In the manufacturing sector, output and new orders grew at a stable rate. Employment was unchanged.
Detailed explanation-3: -The service sector started to grow in the mid-1980s, but growth accelerated in the 1990s when India initiated a series of economic reforms after the country faced a severe balance of payments crisis.