New Delhi, April 6 -- India's services sector growth moderated in March, with the HSBC India Services PMI falling to 57.5 from 58.1 in February, signalling the slowest expansion in 14 months, according to a report released on Monday.

"Falling from 58.1 in February to 57.5 in March... indicated the weakest rate of expansion for 14 months," the report noted, while adding that the index remained above its long-run average of 54.4, highlighting continued overall growth.

The report attributed the softer expansion to a slowdown in new business inflows, even as international demand remained robust. "Output across India's service economy rose at the softest pace in 14 months... mirroring the slowdown in growth of new business intakes but compar...