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India's service activity crashes to historic lows as the country extends lockdown to fight coronavirus

Business Insider Wednesday, 6 May 2020
India's service activity crashes to historic lows as the country extends lockdown to fight coronavirus· *India's economy descended to a new low in April with its service industry activity tanking to a level far worse than any observed measure since records began 15 years ago, according to IHS Markit's index released Wednesday.*
· *IHS Markit's India Purchasing Managers' Index (PMI) for the service sector posted a bleak reading...
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