India's services sector growth slows to 14-month low
India's services sector growth fell to 57.5 in March, the lowest in 14 months, due to the Middle East war affecting domestic demand. However, foreign orders surged, indicating potential resilience amid challenging conditions.
after close1 source ↓written by the desknot a recommendation
- in March
- 57.5
- in February
- 58.1
India’s services sector growth decelerated to 57.5 in March, down from 58.1 in February, marking the weakest pace in 14 months. The slowdown is attributed to the Middle East war impacting domestic demand, although foreign orders reached near-record levels. Input cost pressures intensified, raising concerns for firms navigating challenging market dynamics.
Not investment advice. For informational purposes only.