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India's Jan business growth at 14-month low due to weaker services demand, PMI shows
India's business growth slowed to a 14-month low in January, with concerns about sustaining economic performance as the services sector weakened. However, manufacturing remained robust. Firms hired new staff at a record pace, while inflationary pressures rose, particularly in services. The RBI may hold off on easing monetary policy amid heightened inflation and competition worries.
India's business growth slowed to a 14-month low in January, with concerns about sustaining economic performance as the services sector weakened. However, manufacturing remained robust. Firms hired new staff at a record pace, while inflationary pressures rose, particularly in services. The RBI may hold off on easing monetary policy amid heightened inflation and competition worries.
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