India’s services sector activity remained robust in September, with the HSBC India Services Purchasing Managers’ Index (PMI) registering 60.9, according to data released by S&P Global on Monday.

Pranjul Bhandari, Chief India Economist at HSBC, said while the reading was slightly lower than August’s recent high, “most trackers moderated, but nothing in the survey suggested a big loss in growth momentum in services.” She noted that the Future Activity Index rose to its highest level since March, reflecting strengthening optimism among services companies about business prospects.

The PMI indicated continued stability in India’s services economy, underpinned by firm demand, new business activity, and a positive outlook among companies. The sector remains a key contributor to India’s overall

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