India’s services sector growth slows amid October challenges

India's services growth slowed to a five-month low in October 2025 due to heavy rainfall and increased competition across the sector. The Purchasing Managers’ Index (PMI) indicated reduced expansion, although the sector remains robust overall. Analysts noted that domestic consumption, technology, and logistics services continue to support the broader economy. Economists caution that temporary factors could moderate growth, but underlying demand fundamentals remain positive. The slowdown may influence upcoming monetary and fiscal policies while investors monitor corporate performance for clues on sustainable recovery and service sector resilience during challenging periods.