https://www.taxtmi.com/news?id=60760 India's services sector PMI fell to 58.9 in October-the slowest expansion since May-mainly due to competitive pressures and heavy rains constraining output. External sales rose at a softer pace. Firms reported reduced input and output inflation aided by GST relief, recruited additional staff to meet new-business intake and delivery deadlines, and remained confident of rising activity over the next 12 months. The HSBC Composite PMI eased to 60.4, indicating slower combined manufacturing and services growth. en-us Thu, 06 Nov 2025 12:46:03 +0530 Thu, 06 Nov 2025 12:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60760 India's services sector PMI fell to 58.9 in October-the slowest expansion since May-mainly due to competitive pressures and heavy rains constraining output. External sales rose at a softer pace. Firms reported reduced input and output inflation aided by GST relief, recruited additional staff to meet new-business intake and delivery deadlines, and remained confident of rising activity over the next 12 months. The HSBC Composite PMI eased to 60.4, indicating slower combined manufacturing and services growth. News - Thu, 06 Nov 2025 12:46:03 +0530 https://www.taxtmi.com/news?id=60760