new delhi, March 25 -- In an early indication of the adverse impact of the war in West Asia on the economy, growth in India's private sector output in March slowed to levels not seen since October 2022, according to the HSBC Flash Purchasing Managers' Index (PMI) released by S&P Global on Tuesday. While expansion in services business activity was the slowest only since January 2025, growth in factory output was the slowest since August 2021. To be sure, both services and manufacturing PMI numbers came in above 50, which signals an expansion compared to the previous month. The HSBC Flash India Composite PMI Output Index was 56.5 in March, down from a final reading of 58.9 in February. Services PMI came in at 57.2, down from a final reading o...