India services PMI lifts in August but new business stays weak
A survey showed India’s services sector activity edged higher in August, but new business remained persistently subdued, keeping overall activity near its weakest in more than four years. Hiring accelerated at the fastest pace in over a year.
India's dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a survey showed, though firms ramped up hiring at the fastest pace in over a year.