Bengaluru: India's private sector growth skidded to its weakest in over four years in July as a sharp slowdown in services constrained overall expansion even though rising export orders and hiring offered limited support, a survey showed.
HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 54.3 in July from June's 57.1, confounding a Reuters poll median forecast for a jump to 57.7. However the index remained above the 50-mark separating growth from contraction.
