The Economic Times

India's June services growth slips to 17-month low as demand, hiring cool, PMI shows

India's services sector growth slowed significantly in June, hitting a 17-month low as domestic demand weakened. New business expansion also reached its slowest point in over two-and-a-half years, leading to a near standstill in hiring. While export orders offered some support, overall business confidence dipped due to economic challenges and global uncertainties.