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Bloomberg
Expansion in India’s dominant services sector weakened in April due to polls, a private survey showed, suggesting a delayed recovery to Asia’s third-largest economy. The Nikkei India services purchasing managers’ index fell to a seven-month low of 51 in April from 52 in the previous month on the back of slower increases in new business.
The PMI survey showed input costs and output charges remained weak by historical standards, helping to keep inflation anchored well below the central bank’s 4 percent medium-term target.