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National News

The Economic Times

National / The Economic Times

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India's services growth slows to 4-year low in July as demand weakens

India's services sector expanded slowly in July, reaching a 53-month low. New business inflows moderated across domestic and international markets, impacting growth. Manufacturing activity also lost momentum, contributing to a composite PMI decline. Services firms remained optimistic about future business despite current slowdowns. Hiring showed a modest rebound as input cost inflation eased.

6 Aug 2026 12:49 am