India's services sector expands in Dec, but at a slower pace: PMI data

Growth in India's services sector slowed slightly in December, but firms hired at a faster clip on continuing optimism as new business and employment remained buoyant, a private survey showed on Friday. The Nikkei/IHS Markit Services Purchasing Managers' Index declined to 53.

2 in December from November's four-month high of 53.7, but remained above the 50 mark threshold that separates growth from contraction for the seventh consecutive month. Activity among services firms also registered the strongest average quarterly.....

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