By: Radhakrishna N S
India recorded a growth at a slower pace across its service sector in August 2018 due to weak demand and rise in input costs which turned into a hurdle for hiring, according to a private research data released on Wednesday (05). The latest data fell from July’s 21-month peak of 54.2 to 51.5 in August, signalling the slowest growth in the current sequence. The firms raised their staffing levels at the slowest pace since last November. On a positive note, business confidence rose to the highest level since May, said the seasonally adjusted Nikkei India Services Purchasing Manager Index (PMI).…
You do not have access to this content. You need to subscribe.