India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI

India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI https://www.taxtmi.com/news?id=74140 Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity. en-us Wed, 05 Aug 2026 11:46:03 +0530 Wed, 05 Aug 2026 11:46:03 +0530 TaxTMI RSS Generator India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI https://www.taxtmi.com/news?id=74140 Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity. News - Wed, 05 Aug 2026 11:46:03 +0530 https://www.taxtmi.com/news?id=74140