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India services activity expands in August, but growth remains near four-year low
The services sector in India showed an uptick in August, spurred by increased business and consumer demand. However, this expansion was only the second-slowest since March 2022. Meanwhile, manufacturing faced challenges, hitting a five-year low. Composite growth remained steady, as services balanced out manufacturing's dip. Nevertheless, confidence among businesses for the upcoming year remained below typical levels.
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economictimes.indiatimes.com
Realty, retail & wholesale trade lead services expansion in June
India's services sector experienced broad-based growth in June. Eighteen of nineteen tracked segments expanded, with eight achieving double-digit gains. Real estate led this…
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India manufacturing PMI falls to 5-year low in August as demand weakens
Indian manufacturing faced its lowest growth rate in five years during August, characterized by a slowdown in output and new orders amid diminished demand. This period also marked…
