India's service sector growth slowed in February, but remained robust, according to a private survey. The HSBC India Services Business Activity Index fell to 60.6, from 61.8, indicating expansion. Despite the decline, service activity reached its second highest level in five months. However, milder growth clouded the business outlook. Of the 400 firms surveyed, 26% expect growth in the year ahead, while 2% predict a decline. Employment suffered, but employment numbers were sufficient.
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