INDIA'S SERVICES SECTOR GROWTH SLOWS TO 4.5-YEAR LOW IN JULY, PMI AT 53.3

Growth in India's dominant services sector decelerated sharply in July, with the Purchasing Managers' Index (PMI) falling to 53.3. This marks the weakest expansion in four and a half years, indicating a loss of momentum in the sector. The slowdown was attributed to softer demand and competitive pressures.