India services PMI growth slows to 4-year low in August

India services PMI growth slows to 4-year low in August. The August services PMI slipped to 52.9 from 53.4 in July, marking the weakest expansion since February 2020. Although activity continued to grow, the pace of growth cooled amid softer demand and employment stagnation. This suggests underlying weakness in the services sector despite continued expansion.
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