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India’s services PMI rises to 58.6 in October on strong new orders and hiring
India’s services PMI rose to 58.
India’s services Purchasing Managers’ Index (PMI) climbed to 58.6 in October 2025 from 57.8 in September, marking the 28th consecutive month of expansion. Strong growth in new business and hiring drove the improvement. Export orders rose at their fastest pace in nine months, particularly from Asia-Pacific markets.
Input costs moderated slightly, though service charges continued to rise due to wage pressures. S&P Global said business optimism remained robust, supported by steady domestic demand and improved financial services activity.