India Services PMI Slows to 57.5 in March, Cost Inflation Hits 45-Month High

The HSBC India Services PMI fell to 57.5 in March, indicating the slowest pace of expansion in 14 months, as new business growth weakened.
Input cost inflation accelerated to a 45-month high, leading to the fastest rise in output charges in seven months.
Export orders grew at the second-strongest pace in the survey's history, providing a key growth offset to domestic demand.