India's manufacturing sector growth hits 8-month high in Mar

India's services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday. Illustration: Dominic Xavier/Rediff.com The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.3 in December to 56.5 in January -- its lowest level since November. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

The meltdown in Dalal Street that wiped out investor wealth to the tune of 44 trillion in 2025 also seems to be having a ripple effect on the country's vibrant automobile retail sales. Kindly note the image has only been published for representational purposes. Photograph: Kind courtesy kp yamu Jayanath/Pixabay Weak earnings, declining job market, global uncertainty, and tougher financing norms spoiled customer interest in the automobile sector, resulting in a downslide in retail sales.