# HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March, amid the weakest rises in new business and activity since.

*business · news · 2026-04-06 · Daily Excelsior*

## Key points

- India's services sector growth in March was the slowest in 14 months.
- New export orders for services rose at the fastest rate since mid-2024.
- Input cost inflation in services accelerated to its highest level since June 2022.
- Consumer Services and Finance & Insurance saw the sharpest increases in input and output costs.
- Job creation in services reached its strongest pace since mid-2025.

**Companies:** HSBC
**Countries:** India

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/indias-service-economy-rose-at-softest-pace-in-14-months-in-march-pmi/)

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