FX.co ★ India Services Growth Below Forecasts

In November 2025, the HSBC India Services PMI increased to 59.5, recovering from October's five-month low of 58.9. This figure was just below the anticipated market forecast of 59.7, according to preliminary estimates. The services sector's expansion gained momentum due to an acceleration in output growth, even as foreign demand experienced a slight decrease in growth momentum. Although outstanding business saw a decline, employment figures continued to rise, albeit at a somewhat reduced pace compared to the prior month. On the pricing side, inflation for both input and output costs showed signs of slowing down.