Economy #india#services
India's services PMI falls to 53.3, hits 4.5-year low as demand, new orders lose momentum
India's services PMI fell to 53.3 in July from 57.4 in June, its weakest reading in 53 months, as new business inflows slowed on softer demand and intense competition. The composite PMI dropped to 54.3, while hiring rebounded modestly and selling prices rose at the fastest pace since April.
Aug 5, 2026 1 source