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PMI plunge adds to evidence India cash ban is hurting growth

Thursday, January 5, 2017 - 05:50

Mumbai

INDIA'S dominant services sector is set to contract for a second straight month, adding to evidence that Prime Minister Narendra Modi's surprise ban on cash will trigger a sharp slowdown in Asia's No 3 economy.

The Nikkei India Services Purchasing Managers' Index (PMI) was

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