The Hindu·3 min read·medium
India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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PTI
✦AI Summary
India's services sector growth slowed to a 53-month low in July due to weak demand and increased competition. While the sector continues to expand, the pace of new business inflows has moderated significantly.
India's services sector growth fell to a four-and-a-half-year low in July as new business orders eased in both domestic and export markets, constrained by fierce competition and fading demand, a monthly survey said on Wednesday (August 5, 2026).
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