Inde PMI Services

The HSBC India Services PMI increased to 59.2 in November 2024 from a final reading of 58.5 in October, preliminary estimates showed. It marked the 40th consecutive month of expansion in services activity and the fastest pace since August, boosted by strong end demand and improving business conditions. As a result, the firms increased employment to the highest level since the survey began in December 2005. On prices, input cost inflation accelerated, boosted by higher food and wage costs. Also, output cost inflation accelerated as firms pass on additional cost burdens to their clients.