While a reading above 50 still signals expansion, the decline indicates a clear moderation in growth momentum in one of the key pillars of India’s economy July 03, 2026 / 11:16 IST Services activity had remained relatively resilient through much of the past year, even touching 62.9 in August 2025. Moneycontrol News Discover the latest Business News , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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