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India's services growth loses some steam in March, input cost inflation eases

Growth in India's dominant services industry eased last month from February's 12-year high due to a softer expansion in demand, according to a private survey, which also showed input cost inflation falling to its lowest since September 2020.

The S&P Global India services Purchasing Managers' Index fell to 57.8 last month from 59.4 in February, lower than a Reuters poll forecast of 58.3.

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