India’s Services Activity Expands at Slowest Pace in a Year
- PMI declines to 56.9 in November as inflation curbs optimism
- Outlook remains bright despite fading optimism, S&P Says
India’s services sector makes up more than half of the nation’s gross domestic product.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
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India’s services activity in November grew at the slowest pace in a year as high inflation expectations dampened business sentiment.