S&P Global: India services activity remains strong in Nov. ’24

The HSBC India Services Business Activity Index was 58.4 in November 2024, slightly lower than October’s 58.5, showing strong expansion in business activity due to high demand and new business growth.

Sales increased at a slower pace in November compared to October, but the seasonally adjusted index remained more than four points above its long-run average, indicating strong growth.

Panelists indicated a positive trend in international demand for their services. New export orders grew at a solid pace, the fastest in three months but still below levels seen earlier in the year.

Attribution: S&P Global report

Subediting: M. S. Salama