Weak demand slows India's services growth to six-month low
after close1 source ↓written by the desknot a recommendation
- PMI dropping
- 52.0
- 52.5
India's services sector growth slowed to a six-month low in March, with the Nikkei/IHS Markit Services PMI dropping to 52.0 from 52.5. This decline was attributed to weaker domestic demand and a slowdown in hiring. Despite improved foreign demand, the overall demand sub-index fell as firms increased prices more rapidly, impacting growth prospects.
Not investment advice. For informational purposes only.