November 6, 2024 3:05 PM

India’s Services Index surges to 58.5 in October, employment growth hits 26-month high

India’s services sector witnessed a robust performance in October, with the Services PMI index climbing to 58.5, up from a ten-month low of 57.7 in September, according to HSBC India Service PMI compiled by S&P Global. This marks a sharp acceleration in business activity, outpacing the long-term average of 54.1. The index highlights that strong sales pipelines, along with high demand, contributed significantly to the expansion in business activity, marking October as a month of notable re...