India’s services sector growth moderates in March

India’s services sector growth slowed in March after reaching a 12-year high in February, according to a monthly survey by S&P Global. The survey found the seasonally adjusted S&P Global India Services PMI Business Activity Index dropped from 59.4 in February to 57.8 in March. However, the index remained above the good news threshold of 50, as it has for the past 20 months.

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