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The Economic Times
The Economic Times
National

India's services sector growth at 3-month high, but quarter weakest since 2022, PMI shows

BENGALURU: India's dominant services industry expanded at its fastest pace in three months in September on stronger demand for financial, consumer and digital services, a survey showed on Tuesday, though quarterly growth was the weakest in more than four years.

HSBC's India Services Purchasing Managers' Index (PMI) rose to 55.2 from August's 54.1, but was below a preliminary estimate of 55.8. A reading above 50.0 shows growth.

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