India’s services sector growth hits three-month high: PMI survey
India's services sector growth reached a three-month high, with the Purchasing Managers' Index rising to 55.2 in September from 54.1 in August. Despite this increase, quarterly growth was the weakest since March 2022, with companies reporting improved sales in sectors like finance and insurance. Looking ahead, service providers maintain a positive outlook, although only 16% expect output growth in the next year.