India's services sector loses more steam in Dec, job cuts resume
Service activity slows in December, PMI at 3-month low SECTIONS Share Synopsis The IHS Markit India Services Business Activity Index dropped to 52.3 in December from 53.7 in November. Agencies Job market conditions darkened, slipping back into contraction, although the pace of job shedding remained minimal. NEW DELHI: India’s services activity slowed to a three-month low level in December and staff hiring came to a halt on liquidity concerns, labour shortages and subdued demand as business optimism faded, a private survey showed on Wednesday. The IHS Markit India Services Business Activity ...
Source: indiatimes.com