Economic Buzz: India Service Sector Growth Decelerates In January

Indias service sector expanded further in January, but at a slower rate, amid a robust increase in employment, survey results from IHS Markit showed on Tuesday. The Nikkei Services Purchasing Managers Index, or PMI, fell to 52.2 in January from 53.2 in December. A score above 50 indicates expansion in the sector. The composite PMI, covering both manufacturing and services, remained at 53.6 in January, unchanged from December.