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Business
India's Services PMI Hits 4-Month High of 55.8 in October
✍️ Business Standard
🗓 04 Nov 2026, 01:40 PM
👁 2
India's services sector activity expanded at its strongest pace in four months in October, with the Services Purchasing Managers' Index (PMI) rising to 55.8. The growth was supported by easing cost inflation.
India's services sector demonstrated robust expansion in October, reaching a four-month peak according to the latest Purchasing Managers' Index (PMI) survey. The index climbed to 55.8, indicating a significant acceleration in business activity compared to previous periods.
This upturn in the services economy was notably influenced by a moderation in cost inflation. Businesses reported that the rate at which their input costs increased had eased, contributing to the improved performance and potentially boosting confidence within the sector.
The PMI, compiled by S&P Global, tracks business activity across various service industries. A reading above 50 signifies expansion, while a figure below 50 indicates contraction.
This upturn in the services economy was notably influenced by a moderation in cost inflation. Businesses reported that the rate at which their input costs increased had eased, contributing to the improved performance and potentially boosting confidence within the sector.
The PMI, compiled by S&P Global, tracks business activity across various service industries. A reading above 50 signifies expansion, while a figure below 50 indicates contraction.