Times of IndiaLean R·
India's services sector growth falls to 17-month low as hiring stalls, demand weakens
India's services sector experienced a significant slowdown in June, reaching a 17-month low due to weakening domestic demand and subdued hiring. While export orders provided a bright spot, overall business activity moderated. This trend also impacted the broader private sector, with the composite PMI indicating slower growth. Despite the cooling, the sector remains in expansionary territory.
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