India’s services PMI hits 61.3 in October, fastest expansion in three months

India’s services Purchasing Managers’ Index (PMI) rose to 61.3 in October 2025 from 60.2 in September, marking the strongest activity in three months, according to S&P Global. New business and export demand drove the expansion, with employment also improving. Inflation pressures moderated slightly as input costs eased. The composite PMI, combining manufacturing and services, stood at 61.5, suggesting broad-based growth momentum. Economists say India continues to outperform global peers despite global headwinds.