India's dominant services industry last month grew at its slowest pace sinc...
BENGALURU, - India’s dominant services industry last month grew at its slowest pace since September, hampered by a weaker expansion in domestic demand that dragged the pace of hiring to a six-month low, a private survey showed.
The index change “was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide,” noted Pollyanna De Lima, principal economist at IHS Markit. The RBI has a policy decision due later on Thursday, and it is widely expected to cut interest rates for a second consecutive meeting, according to a Reuters poll.
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