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Nikkei PMI

India services PMI shows slowing growth

TOKYO -- India's service sector showed softer growth in January, with the weakest upturn in new work since last September.

The Nikkei India services Purchasing Managers' Index, or PMI, fell from 53.2 in December to 52.2 in January. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

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