India's services activity expanded at the slowest pace in more than a year in March amid intensification in cost pressures, final data compiled by S&P Global showed on Monday.
The seasonally adjusted HSBC India Services PMI dropped 57.5 in March from 58.1 in February. Nonetheless, a score above 50.0 indicates expansion. The flash score was 57.2.
Total new orders grew at the slowest pace since early 2025, and output was constrained by the detrimental impact of the Middle East war on demand, market conditions, and tourism, the survey revealed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.