India's services sector hits 17-month low in June amid weak demand, hiring

India's services sector slowed sharply in June 2025, recording its weakest growth in 17 months. The decline was driven by softening domestic demand and a near-stall in hiring activity. Export orders offered some relief, emerging as the sole notable bright spot during the period. The slowdown also weighed on the broader private sector, with the composite PMI reflecting reduced overall growth momentum. Despite the deceleration, the services sector continues to expand, remaining above the contraction threshold.