The UK government has designated Samir Shah, a seasoned media executive of Indian-origin as its favored choice to assume the role of the new chairman for the BBC.

India’s services sector activity slowed last month on slowing growth in new orders and output, a private survey showed. The S&P Global Purchasing Managers’ Index (PMI) declined to a one-year low of 56.9 in November from 58.4 in the previous month.

India is set to become the world’s third-largest economy by 2030 as it is expected to remain the fastest-growing major economy for at least the next three years, S&P Global Ratings said in a report.