India's services sector records slowest growth in four years during July
In July, India's services sector experienced its slowest growth in more than four years, as the HSBC India Services PMI dropped to 53.3. This deceleration was primarily caused by a dip in new business, reduced international demand, and a drop in overall business optimism. Even though input cost inflation moderated, companies increased their service prices at the quickest rate in three months to manage rising expenses.
by shortkt.com✓