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The Economic Times

Economy / The Economic Times

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India's services growth moderated in February as cost pressures mount, PMI shows

India's services sector growth slowed in February, with new business rising at its slowest pace in over a year due to intensifying competition. Despite this, international sales surged, and firms passed on rising costs, primarily from food, energy, and labor, to customers. Overall private sector growth accelerated, driven by a brighter outlook and increased hiring.

4 Mar 2026 10:37 am