India’s services sector expands at a faster pace in September, reaching a three-month high, according to HSBC India Services PMI data cited by multiple outlets. The seasonally adjusted HSBC India Services PMI Business Activity Index rises to 55.2 in September from 54.1 in August, indicating an improvement in business activity momentum.
All reports link the stronger reading to firm demand conditions. The PMI results are described as consistent with solid domestic demand, supporting the latest upturn and marking the strongest improvement since June. At the same time, one outlet notes that while the month-to-month growth rate strengthens, quarterly growth remains the weakest since early 2022, suggesting the broader trend still faces limits.
Overall, the outlets converge on the headline PMI figures and the direction of change—an acceleration in September—while differing in emphasis between the immediate month’s improvement and the longer-running weakness in quarterly performance.
