India’s services activity expanded sharply in October 2025, with the S&P Global Services PMI rising to 60.1 from 58.4 in September. The acceleration was driven by robust domestic demand in IT, finance, and transport. New business inflows climbed, and job creation hit a five-month high. Input-cost inflation remained modest, allowing firms to sustain margins. Economists said the data suggests India’s services sector is a key growth driver as manufacturing stabilizes. The outlook remains positive, supported by rising exports and steady consumer spending.