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India's services growth cools in September as demand softens
Mint Hyderabad
|October 07, 2025
Momentum eases Despite the dip, September was the fourth straight month with the index above 60.
India's services sector cooled in September after hitting a 15-year high in August, as growth in new orders and output eased amid softer export demand and heightened global competition, a private survey showed on Monday.
The HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, slipped to 60.9 in September from 62.9 in August, following readings of 60.5 in July and 60.4 in June. The index has now remained above the 50-point mark that separates expansion from contraction for more than four years, underscoring the sector's enduring momentum.
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