Business3 hours ago
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India's Services PMI Hits 4.5-Year Low Amid Slowing Demand
India's services PMI has fallen to its lowest level in over four years, indicating a slowdown in growth. New business inflows are at their slowest since early 2022, largely due to reduced demand. Despite this, export business remains strong, and employment growth has seen a slight improvement. However, business confidence has dipped to a seven-month low, highlighting ongoing challenges in the sector.
⚖️ AI Verdict
"When the services sector sneezes, the economy catches a cold!"
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File ID: #314092Original Source: Times Of India ↗
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