India’s services sector activity slips further in January
The Hindu
For the sixth straight month, the services sector witnessed an expansion in output.
India’s services sector activity moderated further in January as new business rose at a noticeably slower rate amid the escalation of the pandemic, reintroduction of restrictions and inflationary pressures, a monthly survey said on February 3.
The seasonally adjusted India Services Business Activity Index fell to 51.5 in January, down from 55.5 in December, pointing to the slowest rate of expansion in the current six-month sequence of growth.
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India's services sector growth slows in January, but remains above 50; new export business rebounds, job creation accelerates.