India October business activity hits four-month high
India business activity expanded at its fastest pace in four months in October driven by stronger service sector orders. However hiring almost stalled as companies relied on existing staff to handle workloads while price pressures eased across both sectors.
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Xurve View
India's business activity expanded at its fastest pace in four months in October as stronger orders drove a services-led pickup, though hiring stalled. The flash composite PMI rose to 56.7 this month from September's final 55.9, exceeding a Reuters poll median forecast of 56.1. The reading signals steady expansion above the crucial 50-mark, offering resilient economic momentum heading into late October.
