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India services growth slows in September, HSBC PMI drops to 60.9
October 07, 2025
|The Business Guardian
Growth in India’s services sector eased in September as the HSBC India Services Purchasing Managers’ Index (PMI) fell to 60.9 from 62.9 in August, according to data released by HSBC on Monday.
Despite the decline, the index remained well above the neutral mark of 50.0, indicating another month of strong expansion in business activity.
The HSBC report stated that at 60.9 in September, the seasonally adjusted HSBC India Services PMI Business Activity Index signalled a substantial upturn in output, although at a slower pace than in August.
The latest figure suggested a loss of growth momentum, reflecting some moderation in demand and new business gains.
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