- KR Bharat
- 2025-11-07
India’s services sector witnessed a slowdown in October, with the Purchasing Managers’ Index (PMI) slipping to 58.9 from 60.9 in September — marking its weakest expansion in five months. The decline was attributed to reduced new business inflows, strong market competition, and disruptions caused by heavy rainfall across several regions. Despite the dip, the PMI figure remains above 50, indicating that overall activity in the services industry is still expanding.
Economists note that while the slowdown suggests moderation in demand, the sector remains resilient thanks to steady domestic consumption and continued investment in technology and logistics. However, export orders and business confidence have both eased slightly. Experts believe the Reserve Bank of India may consider these trends when shaping its upcoming monetary policy decisions, as input costs and inflation pressures also show signs of softening.
