October 4, 2024 4:56 PM

India’s services sector growth hits lowest level since November 2023

India's services sector growth, measured by new business, international sales, and output, has slowed to its lowest rate since November 2023, according to the HSBC India Services PMI released on Friday. The survey, compiled by S&P Global, indicates that while the performance of the sector remains historically strong, the growth rate has moderated. In September, the index value was above the neutral mark of 50.0, falling from 60.9 in August to 57.7. This decline signals a softer, yet still r...