Services sector exercise shrinks

New Delhi: India’s companies sector exercise remained in deep stoop in July as coronavirus-induced restrictions stifled demand and compelled corporations to stop operations and additional cut back employees numbers, a month-to-month survey stated on Wednesday. The IHS Markit India Services Business Activity Index stood at 34.2 in July, barely increased than 33.7 in June. Despite the rise, the Indian companies sector exercise contracted for the fifth successive month in July. A print above 50 means enlargement and a rating under that denotes contraction. PTI

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