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India’s Services Sector Slows, Manufacturing Gains Momentum in March

India’s services sector slowed down a bit in March, with the S&P Global Services PMI dropping to 57.7 from 59.0 in February. On the other hand, manufacturing picked up pace, as the Manufacturing PMI rose to 57.6 from 56.3 last month. While both sectors are still growing, services lost some momentum, while manufacturing showed improvement.

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