Services PMI hits one-year low in November
India's service sector lost further growth momentum midway through the third quarter.
India's service sector lost further growth momentum midway through the third quarter.
The S&P Global India Services PMI Index marginally falls to 60.1 in August from 62.3 in July.
The S&P Global India Services PMI Index remained in growth territory for the twentieth successive month.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from September's six-month low of 54.3 to 55.1 in October.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose to 59.2 in June from 58.9 in May.
Inflation outlook, however, worsened as input prices rose at the sharpest pace in the survey history.
Employment rose for the first time in five months, but business sentiment was restrained by inflation concerns, says survey.