A moderation in services activity pulled India’s composite PMI down to 59.9 in October from 61.0 in September, its weakest reading in five months, HSBC–S&P Global reported. Input cost pressures and softening demand weighed on service providers, while manufacturing output climbed as factory orders rose. Analysts noted that the index remains comfortably above the 50-expansion mark, indicating continued but slower growth momentum. The data suggests economic resilience tempered by rising prices and uneven post-monsoon consumption recovery.