India’s services sector growth slowed to a 14-month low in March even as cost pressures rose sharply, with firms reporting the fastest increase in input prices in nearly four years, according to HSBC and S&P Global PMI data.

The HSBC India Services PMI Business Activity Index fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4.

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