 "Service sector")
India’s services activity in March witnessed the strongest rate of expansion since December, after a substantial slowdown in growth at the beginning of the year due to a new wave of the pandemic, a private survey said.
Business confidence, however, remained subdued due to inflationary pressures, with input costs increasing at the sharpest pace in 11 years at the end of fiscal 2021-22.
This comes amid the Russian invasion of Ukraine. Companies mostly absorbed additional cost burdens and raised their charges only moderately.
The seasonally-adjusted S&P Global India services purchasing managers’ index (PMI) — released on Wednesday — showed PMI
