US EditionIndia's services growth eases in September as demand cools, PMI shows
- HSBC released the India Services PMI survey on October 6, 2025, showing growth eased in September to a Business Activity Index of 60.9.
- The slowdown came after the sector reached its strongest performance in 15 years with a score of 62.9 in August, and was influenced by softer international demand amid increased competition and efforts to manage costs.
- Despite easing, the index remained well above 50, indicating sustained expansion, while external sales grew at the slowest rate since March.
- Chief India Economist Pranjul Bhandari observed that while activity in the services sector eased from its August peak, various indicators showed no evidence of a significant decline in the sector’s growth momentum.
- The report suggests ongoing optimism with rising business confidence, supported by advertising, efficiency gains, and anticipated tax cuts despite moderated growth rates.
16 Articles
16 Articles
India’s services growth eases in September but holds strong, shows PMI data
The HSBC India Services Purchasing Managers’ Index (PMI) fell to 60.9 from a 15-year high of 62.9, clocked in August. Experts believe that services - particularly IT, financial, and digital segments - will play a key role in helping India realise its vision of becoming a developed economy by 2047.
Services PMI Holds Steady at 60.9 in September - SMEVENTURE
India’s services sector continued its strong performance in September 2025, with the HSBC India Services Purchasing Managers’ Index (PMI) holding firm at 60.9, according to data released by S&P Global. While marginally lower than August’s figures, the PMI remains well above the neutral 50-mark, signaling robust expansion. Future Outlook Remains Bright Despite the slight moderation, business optimism strengthened. The Future Activity Index — whic…
India's Services sector growth eases in Sep as softer improvement in demand curbs output, inflation - OrissaPOST
New Delhi: The growth of India’s services sector eased in September from the recent high in August, as new business and activity expanded at slower rates, according to a monthly survey released Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell to 60.9 in September, from a 15-year high of 62.9 in August, amid competitive conditions and cost-control measures. Notwithstanding the moderation, the September Services…
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