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Business
India's Services Sector Surges in October, Input Costs Hit 6-Year Low
✍️ The Economic Times
🗓 04 Nov 2026, 01:40 PM
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India's services sector experienced significant expansion in October, with growth accelerating to 55.8. Concurrently, cost pressures faced by businesses eased to their lowest point in six years.
The Indian services sector demonstrated robust growth in October, marking an acceleration in its expansion. The latest data indicates a significant uptick in activity within the sector.
Alongside the surge in growth, businesses reported a notable easing of cost pressures. This reduction in input costs has reached a six-year low, suggesting improved operational efficiencies or a moderation in inflationary trends affecting service providers.
The combined positive trends in both growth acceleration and cost reduction point towards a strengthening performance of India's services economy during the reporting period.
Alongside the surge in growth, businesses reported a notable easing of cost pressures. This reduction in input costs has reached a six-year low, suggesting improved operational efficiencies or a moderation in inflationary trends affecting service providers.
The combined positive trends in both growth acceleration and cost reduction point towards a strengthening performance of India's services economy during the reporting period.