Mumbai, April 6 -- Output across India's service economy rose at the softest pace in 14 months during March, mirroring the slowdown in growth of new business intakes but comparing with a near record expansion in international orders, HSBC India Services PMI data showed. At the same time, selling charge inflation quickened to a seven-month high amid the steepest increase in input costs since June 2022. Elsewhere, business confidence strengthened as did job creation. Falling from 58.1 in February to 57.5 in March, the seasonally adjusted HSBC India Services PMI Business Activity Index - based on a single question asking how the level of business activity compares with the situation the month before - indicated the weakest rate of expansion ...
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