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India's services sector drops to six-month low in May

India's services sector drops to six-month low in May

Fri, Jun 03, 2016

Growth in India's services industry slowed sharply in May to a six-month low, due to a deceleration in new orders, a business survey showed on Friday. The Nikkei/Market Services Purchasing Managers' Index slumped to 51.0 in May from April's 53.7. A reading above 50 indicates expansion.

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