"India's service sector continued to struggle in June as the country's coronavirus crisis worsened," Joe Hayes, an economist at IHS Markit, said in a release.
BENGALURU: India's crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown imposed to stop the spread of the coronavirus stalled business activity, a private sector survey showed.
Although the pace of decline moderated from May - the Nikkei/IHS Markit Services Purchasing Managers' Index jumped to 33.7 in June from May's 12.6 - it remained a long way from the 50-mark separating growth from contraction.
