Services PMI declines to 44.4 from 45.3 in March due to the economic crisis.
The economy is expected to grow at 8%, following a 7.7% growth in the first quarter.
An unexpected improvement in the US labour market lifts Asian market sentiments.
The RBI has cut repo rate by 25 basis points to 7.25%, its third cut this year.
Analysts expect the US non-farm payrolls to increase by 140,000 workers after an 88,000 gain in March.
The weak growth in the manufacturing and services sectors hints at China's fragile economic recovery.
The ECB's rate cut and an unexpected decline in US jobless claims revive investors' hopes for global recovery.
Markets worry that country's economic growth will be slower for second consecutive quarter.
Asia has shed previous week's gains after weak data from the US and China brought back global growth concerns.
Weak job data with unemployment rising to 12.1% expected to prompt European Central Bank to cut interest rates at next meeting.
Investors expect the ECB and the US Federal Reserve to continue their growth-supportive monetary policies.
The central banks across the globe are expected to continue their growth-supporting monetary policies.
Visitors from mainland China queued outside Hong Kong jewellery stores near the border and cleared shelves after a drop in the price of gold.
Eurozone's economic morale index falls to 88.6 in April, down for a second consecutive month.
Italy's new coalition government is set to announce its economic policies and growth agenda.
Investors awaiting data including central bank policy meetings in eurozone and US.
Most Asian markets end week's trading on a higher note with corporate earnings reports bolstering investor confidence.
The continued fall in consumer prices poses challenge to Kuroda who aims at a 2 percent inflation rate in two years.
Economists expect US economy to grow by 3% in the first quarter, significantly higher than fourth-quarter growth rate.
The UK GDP data will confirm whether the country has entered a "triple-dip recession" or not.
South Korea GDP rises most in two years in first quarter.
South Korea's economy grew 0.9 percent in the first quarter from 0.3 percent in the fourth quarter.
Less-than-forecast price growth gives room for RBA to cut interest rates further.
The yen's weakness and rise in US new home sales lift sentiments in Asian markets.
Investors await eurozone manufacturing activity data which is expected to decline in April.
China's April manufacturing PMI indicates disappointing growth in the first quarter.
China's lacklustre April manufacturing data follows a weaker-than-expected first-quarter GDP data.
Remittance flows to developing countries have more than quadrupled since 2000, according to the World Bank.
Asian markets end on a mixed note in the week due to volatile commodity prices and yen weakness.
Current account surplus rises to €16.3bn, above analysts' estimates of €14.5bn