Services sector sees growth slowdown to 4.5 year low in July
· rediff.com
India's services sector experienced its weakest growth in four-and-a-half years in July, as new business orders, both domestic and export, eased due to intense competition and declining demand. Despite a modest rebound in job creation and improved profit margins, overall business confidence slipped, reflecting a broader slowdown in the economy.
India's services sector recorded its slowest growth in four-and-a-half years in July, as the HSBC India Services PMI indicated a significant easing in new busin...