India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
India's services sector growth fell to a four-and-a-half-year low in July, with business activity rising at the weakest rate in 53 months. New business orders declined due to fierce competition and weak demand, impacting both domestic and export markets. This trend raises concerns about the sector's recovery as it faces ongoing challenges in the coming months.