Services PMI falls to lowest in 2 years
New Delhi, Feb. 6 -- Growth in India's services activity, as measured by the services Purchasing Managers' Index (PMI), fell to its lowest in over two years in January due to muted demand and softer increase in sales and output, according to a release from S&P Global on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index fell from 59.3 in December last year to 56.5 last month - its lowest since November 2022. The reading was slightly lower than the services flash PMI of 56.8 released last month....
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