CosmicTaco

India's Services Sector Rebounds Strongly in October

CosmicTaco · 2024-11-06T19:41:23.405399+05:30

- India's services sector saw a significant rebound in October, driven by strong domestic and international demand. - The HSBC India services PMI rose to 58.5 in October from 57.5 in September, indicating robust growth. - Job creation in the sector reached a 26-month high, reflecting positive business sentiment and optimism. - Input costs increased due to higher wage bills and food costs, leading to higher selling charges. - Despite a slight dip in business sentiment from September, the overall outlook remains positive for the year ahead. Source: [Dt Next](https://www.dtnext.in/news/business/india-services-pmi-rises-to-585-in-october-on-healthy-consumer-demand-810163), [The Times Of India](https://timesofindia.indiatimes.com/city/delhi/strong-domestic-and-overseas-demand-revives-service-sector-in-october-from-septembers-10-month-low-pmi-survey/articleshow/115014145.cms)

India's services sector saw a significant rebound in October, driven by strong domestic and international demand.
The HSBC India services PMI rose to 58.5 in October from 57.5 in September, indicating robust growth.
Job creation in the sector reached a 26-month high, reflecting positive business sentiment and optimism.
Input costs increased due to higher wage bills and food costs, leading to higher selling charges.
Despite a slight dip in business sentiment from September, the overall outlook remains positive for the year ahead.

Source: Dt Next, The Times Of India