FX.co ★ India Services Growth Accelerates in January

The HSBC India Services Purchasing Managers' Index (PMI) climbed to 59.3 in January 2025, compared to a final reading of 58.0 in December 2025, which had marked the slowest growth in 11 months, according to preliminary estimates. The surge in service sector activity was bolstered by accelerated output growth and a swifter increase in new orders. In contrast, employment levels remained largely unchanged. On the pricing front, input cost pressures saw a significant uptick.