Service sector growth in India slowed in September

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The business activity index in the services sector of India fell in September to the lowest in 4 months value of 50.9 points compared to 51.5 points in August, according to IHS Markit. The decline was due to low demand in the services sector. The joint production index in industry and services dropped to 51.6 points from 51.9 points. This indicator also became the lowest in the last 4 months. The activity of the service sector has declined due to a long period of stagnation in the new business. In addition, rising prices increased fuel costs. A strong dollar put pressure on the value of imported goods. However, the number of staff companies has grown for the 13th month in a row.

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