India PMI Data: Service sector growth hits a 4-year low in July; here's why

India PMI Data: Growth in India's service sector slowed to a four-year low in July. Driven by weak domestic demand, the index fell to 53.1—its lowest level since February 2022.

India PMI Data: India's service sector momentum slowed in July. During this period, the HSBC Flash Services PMI dropped to 53.1, the lowest level since February 2022.