India services growth hits 3-month high but quarterly low since 2022

India services growth hits 3-month high but quarterly low since 2022. The S&P Global Services PMI rose to 55.1 in March, up from 53.8 in February, signaling a rebound in expansion. However, the average quarterly reading was the weakest since 2022, indicating uneven recovery. Growth momentum remains fragile despite recent improvement.
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