business / news / / Daily Excelsior
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.
India's services sector growth in March was the slowest in 14 months.
KEY POINTS
- 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
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