India Services Growth Hits Three-Month High
India's services sector expanded at its fastest pace in three months during September, driven by rising demand. However, the quarterly average marked the weakest performance since early 2022 as hiring and exports softened.
Insights:
India's services sector expanded at its fastest pace in three months in September, driven by stronger demand for digital and financial services. The September upturn follows an HSBC survey showing the services PMI rose to 55.2 from August's 54.1. Despite the monthly gain, the July-September quarter marked the weakest performance since early 2022.
