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DD News 2026-11-04
India's Services PMI Increases to 55.8 in October, Reaches Four-Month Peak India's services sector activity reached a four-month high in October, with the HSBC India Services Purchasing Managers' Index (PMI) increasing to 55.8 from 55.2 in September, as reported by S&P Global. The rise was attributed to stronger domestic demand and new business growth, with the Business Activity Index remaining above the 50-point threshold that indicates expansion. Additionally, input price inflation eased to its lowest level since August 2020, and the growth rate for prices charged to customers slowed. Pranjul Bhandari, Chief India Economist at HSBC, noted that while overall demand was strong, the growth in new export orders and employment growth both moderated.
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