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The activity in India's dominant services sector contracted in March, after having risen for 5 consecutive months, as demand fell sharply amid the coronavirus pandemic. The IHS Markit India Purchasing Managers' Index (PMI) decreased to 49.3 in March, slipping below the 50-mark threshold that separates expansion from contraction. The PMI had in February touched a seven-year high of 57.5.
short by Dharna / 04:52 pm on 06 Apr
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