India’s Services Activity Falls to Four-Month Low in September India’s Services Activity Falls to Four Month Low in September (Photo: BIJU BORO/AFP/Getty Images).
Radhakrishna N S
Business activity in India’s services sector eased to a four-month low in September on decreasing demand, a private survey said on Thursday (4). The steep hike in the prices are expected to put pressure on the services activity further in the near future, the report said. The seasonally adjusted Nikkei India Services Business Activity Index recorded 50.9 during September. That was down from 51.5 in August and the lowest reading in the current four-month sequence of rising activity. India’s service sector continued to expand during September, but at a marginal rate amid reports of underwhelming market demand. Price pressures intensified, with…
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