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India's services growth slows to 4½-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.
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economictimes.indiatimes.com
India's July factory growth near five-year low on weaker demand, PMI shows
India's manufacturing growth slowed to a near five-year low in July as weak demand weighed on new orders, while hiring growth softened for a third month. Easing input cost…
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newsbytesapp.com
India's factory growth falls to 5-year low
India's manufacturing sector slowed significantly in July, with factory activity hitting a near five-year low due to weakened domestic demand despite stronger export orders.
