The Economic Times

India's July services sector growth slides to over four-year low as demand wilts: PMI

India's services sector growth slowed significantly in July, reaching its weakest pace in over four years. New business expansion was moderate, posting the softest growth in nearly four-and-a-half years. Hiring activity saw a modest increase after a six-month low, marking continued job creation. Input cost inflation eased, but firms raised selling prices to clients. Business confidence declined to a seven-month low, reflecting concerns about future demand.