India's service sector continued to log robust growth in December despite a slight slowdown from November, survey results from IHS Markit showed on Wednesday.
The services Purchasing Managers' Index fell to a three-month low of 55.5 from 58.1 in the previous month. Nonetheless, a score above 50.0 indicates expansion in the sector. The upturn was often associated with improving market conditions and accommodative demand. Despite robust gains in new work in recent months, companies were able to stay on top of workloads and as a consequence reduced headcounts at the end of 2021.
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