Services growth slows to 14-month low in Mar
new delhi, April 7 -- Growth in India's services sector eased to a 14-month low in March as the West Asia crisis hurt demand, market conditions and tourism, even as export orders remained exceptionally strong, according to the HSBC India Services Purchasing Managers' Index (PMI) released by S&P Global on Monday.
The seasonally adjusted HSBC India Services PMI Business Activity Index fell to 57.5 in March from 58.1 in February. While the reading remained comfortably above the 50 mark that separates expansion from contraction, it signalled the weakest pace of growth since January 2025.
According to survey participants, output continued to be supported by new business gains, but the war in West Asia acted as a drag on demand and activity.
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