Growth in India services sector slows to more than 2-year low in Jan, PMI shows – World

BENGALURU: Growth in India’s dominant services sector was the slowest in over two years in January amid cooling demand but remained historically strong and led to a substantial rate of hiring, a business survey showed on Wednesday.

Asia’s third-largest economy has been struggling with slackening consumption. To try and boost spending the government gave some tax relief to the middle class…