India’s services PMI rises to 60.1 in October, signalling strong business momentum

India’s services sector expanded sharply in October 2025, with the Purchasing Managers’ Index (PMI) climbing to 60.1 from 58.4 in September. The improvement reflects rising demand in finance, transport, and information services. Export orders also increased moderately, driven by Middle Eastern and Southeast Asian demand. Employment grew at the fastest pace since May, as firms scaled up operations to meet higher workloads. Input cost pressures remained stable, enabling competitive pricing. Economists said the robust services data confirms India’s sustained economic momentum despite global volatility.