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India's service sector remained in contraction territory for third straight month in July: PMI


India s service sector remained in contraction territory for third straight month in July: PMI
The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July, but was stuck in the red due to subdued demand conditions amid the COVID-19 crisis.
Looking ahead, firms were pessimistic about the 12-month outlook for output for the first time in a year (Source: PTI)
PTI
Updated Aug 04, 2021, 12:21 PM IST
India s services sector remained in contraction territory for the third straight month in July, as business activity, new orders and employment declined further largely due to the COVID-19 pandemic and local restrictions, a monthly survey said on Wednesday. ....

India Services Business Activity Index , Monetary Policy Committee , Purchasing Manager Index , Economics Associate Director , Reserve Bank , இந்தியா சேவைகள் வணிக நடவடிக்கை குறியீட்டு , பண பாலிஸீ குழு , வாங்குதல் மேலாளர் குறியீட்டு , பொருளாதாரம் இணை இயக்குனர் , இருப்பு வங்கி ,

Indian service sector stuck in contraction territory for third straight month in July: PMI


Indian service sector stuck in contraction territory for third straight month in July: PMI
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Last Updated: Aug 04, 2021, 11:35 AM IST
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Synopsis
The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July, but was stuck in the red due to subdued demand conditions amid the COVID-19 crisis.
iStock
Overall demand in the sector shrank again last month.
India s services sector remained in contraction territory for the third straight month in July, as business activity, new orders and employment declined further largely due to the COVID-19 pandemic and local restrictions, a monthly survey said on Wednesday. ....

India Services Business Activity Index , Monetary Policy Committee , Purchasing Manager Index , Economics Associate Director , Reserve Bank , இந்தியா சேவைகள் வணிக நடவடிக்கை குறியீட்டு , பண பாலிஸீ குழு , வாங்குதல் மேலாளர் குறியீட்டு , பொருளாதாரம் இணை இயக்குனர் , இருப்பு வங்கி ,