India’s Services PMI Climbs to Four-Month High of 55.8 in October, but Hiring Slows
India’s services sector expanded at its fastest pace in four months in October, with the HSBC India Services PMI rising to 55.8 from 60.9 in September, signalling continued growth despite a moderation from the previous month’s strong reading. The survey pointed to firmer domestic demand and easing cost pressures, but weaker export orders and slower hiring tempered the outlook for business confidence.
