India's private sector growth slows to its weakest pace since late 2022 as soft domestic demand and rising costs weigh, even as export orders hit a record high
While greater client enquiries and marketing efforts supported sales at some units, a few companies suggested that an increasingly competitive environment dampened growth
Growth in India's services sector accelerated in January as output, new orders and hiring picked up, though the PMI reading remained below the flash estimate, S&P Global data showed
India's services PMI eased to 58.0 in December 2025 as growth in new business slowed, though companies reported stronger export orders from Asia, North America, the Middle East and the UK
India's services PMI eased to 58.9 in October, marking the slowest expansion since May as competition and heavy rains weighed on growth, while cost pressures receded
Flash PMI October 2025: New orders placed with private sector companies in India expanded in October, though the pace of growth slowed to its weakest in five months
Operating conditions across India's service economy remained favourable in September, with healthy demand trends underpinning further growth of total new orders, exports, employment, business activity
Services PMI: Exports increased in September, but at their slowest pace since March, with firms saying that competitive conditions and cost-control measures were limiting growth
Flash PMI September 2025: Pricing pressures were more pronounced in the service sector in September, although they moderated compared with previous months, while manufacturing saw a pick-up
India's services PMI rose to 62.9 in August, the steepest expansion since 2010, driven by strong demand, new orders, and resilient job creation amid rising costs
India's services PMI rose to 60.5 in July, the highest in 11 months, led by strong international sales, new orders and demand from Asia, Europe and the US
