Try GOLD - Free
Services PMI rebounds in November
Mint Mumbai
|December 04, 2025
India’s services sector rebounded in November, as new business intakes increased amid subdued price pressures and improving demand, a private sw showed on Wednesday.
Services PMI rose to 59.8 in November from 58.9 in October.
The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 59.8 in November from 58.9 in the previous month, marking a pickup in growth after the index grew at its slowest pace since May in October.
Despite monthly swings, the index has remained above the 50-point threshold separating expansion from contraction for over four years, signalling the sector's sustained resilience despite headwinds.
“India’s services PMI business activity index rose from 58.9 in October to 59.8 in November, driven by robust new business intakes that fuelled output growth. However, international sales expanded at an eight-month low due to fierce overseas services competition,” said Pranjul Bhandari, chief India economist at HSBC.
This story is from the December 04, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
SpaceX to pursue 2026 IPO raising far above $30 bn
paceX is moving ahead with plans for an initial public offering (IPO) seeking to raise significantly more than $30 billion, people familiar with the matter said, in atransaction that would make it the biggest listing ofall time.
2 mins
December 11, 2025
Mint Mumbai
Dirty air trick: How farmers outsmart vigil
Farmers in Punjab and Haryana are burning paddy stubble late in the day after monitoring satellites pass over, says a study by the International Forum for Environment, Sustainability and Technology (iForest), released on 8 December. Mint brings the perspectives.
2 mins
December 11, 2025
Mint Mumbai
Amazon bets $35 billion more on India business
Total India investments to top $75 bn; Cloud, AI, exports and jobs in focus
3 mins
December 11, 2025
Mint Mumbai
Ethanol glut may spark blending spike
The Centre has opened discussions on whether India should move to higher ethanol blends in petrol from the current E20 (20% ethanol, 80% petrol), two people aware of the matter said, amid continuing consumer unease over the current E20 blend.
3 mins
December 11, 2025
Mint Mumbai
AT HOME AND AT SCHOOL, AI IS TRANSFORMING CHILDHOOD
It brings many benefits, but also hidden dangers
11 mins
December 11, 2025
Mint Mumbai
TCS inks $700 mn deal for US tech co
Tata Consultancy Services (TCS) on Wednesday made its largest buyout since going public in 2004, agreeing to acquire technology consulting firm Coastal Cloud for $700 million in cash.
2 mins
December 11, 2025
Mint Mumbai
An FDI revival
Outflows of \"hot money\" from India's stock market and a fast weakening rupee may have caused some anxiety this year, but the outlook on foreign direct investment (FDI) has brightened.
1 min
December 11, 2025
Mint Mumbai
MALHOTRA AT HELM: DID HE GIVE IT ALL?
Sanjay Malhotra's first year as RBI governor was marked by a favourable inflation-growth cycle, which he used to front load rate cuts and ease liquidity amid global uncertainties, while allowing the rupee to depreciate.
3 mins
December 11, 2025
Mint Mumbai
IndiGo may see 10% revenue hit
A ten-day turmoil and a compulsory flight à reduction will slam the financials of IndiGo, three equity analysts said, even as the regulator stepped up scrutiny of India's largest airline.
3 mins
December 11, 2025
Mint Mumbai
BMW’s new CEO bet early on Nvidia for lead in factory setup
In 2021, well before Al (artificial intelligence) became a corporate buzzword, BMW AG's production chief Milan Nedeljkovic made a bet on using Nvidia Corp.'s technology to virtually plan future factories.
4 mins
December 11, 2025
Listen
Translate
Change font size