FX.co ★ India Services Growth Hits 4-Month High

The HSBC India Services PMI rose to 56.2 in October 2026 from 55.2 in September, signaling the fastest expansion in the sector since June, according to preliminary data. The upturn was driven by stronger output growth underpinned by solid demand. Employment levels were unchanged, bringing an end to a nine-month run of job creation. On the inflation front, both input and output cost pressures eased. Looking ahead, business confidence remained firmly positive and improved from the previous month, supported by expectations of better market conditions.