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Big Story | India's services activity contracts for 5th straight month

What does the prolonged and significant downturn in India's services activity indicate and will things get better in the coming months?

August 06, 2020 / 20:17 IST
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India's services sector, which scaled to an 85-month high in February, has contracted for the fifth straight month in July as intermittent lockdowns continued to hurt business activity and led to record job cuts. India’s services industry, the key driver of economic growth, accounts for more than half of the nation’s gross domestic product. What does the prolonged and significant downturn in India's services activity indicate and will things get better in the coming months? Watch this edition of Big Story to find out.

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first published: Aug 6, 2020 07:40 pm

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