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Services sector growth drops to 11-month low
Financial Express Chennai
|January 07, 2026
· New biz activity eases, hiring stalls, show PMI data
INDIA'S SERVICES SECTOR activity slowed to its weakest pace in 11 months in December, as new business growth eased and hiring stalled, according to the latest HSBC survey.
The slowdown comes on the heels of the manufacturing sector, which saw its weakest growth in two years in December, reflecting softer demand conditions and cautious production strategies by firms.
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