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Services growth at five-month low in Oct as exports fall
Mint New Delhi
|November 07, 2025
India’s services sector lost momentum in October, easing to a five-month low after hitting a 15-year peak in August, as growth in new business and output slowed amid softer export demand and rising global competition, a private survey showed on Thursday.
The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 58.9 in October from 60.9 in September and 62.9 in August, marking its weakest pace since May. The index, however, has remained above the 50-point threshold separating expansion from contraction for over four years—signalling the sector’s sustained resilience despite headwinds.
This story is from the November 07, 2025 edition of Mint New Delhi.
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