FX.co ★ India's Services Sector Growth Moderates as S&P Global Services PMI Slips to 57.7 in March

India's services sector witnessed a slight slowdown in growth during March 2025, according to the latest data from the S&P Global Services Purchasing Managers' Index (PMI). The index, which provides a snapshot of the economic health of the country's services sector, dipped to 57.7, marking a modest retreat from February's reading of 59.0.

Despite the decline, the index remains comfortably above the 50 mark that separates expansion from contraction, indicating continued growth, albeit at a slower pace. This gradual deceleration suggests that while the appetite for services moderated, the sector continued to expand its footprint in the Indian economy.

The updated data, released on March 24, 2025, reflects the intricate dynamics at play in India's economic landscape, highlighting both resilience and potential headwinds faced by businesses engaged in service delivery. As the nation steers through global and domestic economic challenges, stakeholders in the services industry will closely monitor these trends to strategize and adapt to the evolving market conditions.